We explore how subjects with heterogeneous beliefs respond to a surprise restart in a linear public goods game played for 20 rounds using either a "partners" or a "strangers" protocol. There are two restarts: one prior to Round 11 and another prior to Round 16. We elicit subject beliefs at the...

Two issues in land tenure contracts in agriculture that have vexed economists are (1) the appearance and co-existence of multiple contracts, often in adjoining plots of land and (2) the choice of a share-cropping contract because a share contract being analogous to a proportional tax, is...

1. Prologue -- 2. Gut feelings: Biases, heuristics and Covid-19 -- 3. Pathogens and probabilities -- 4. Should we trust people to do the right thing? -- 5. Politics, pathogens and party lines -- 6. Irrational exuberance in the midst of Covid-19 -- 7. Epilogue -- Bibliography -- Index.

In this paper we consider an experimental two-period game characterized by incomplete information.The agent produces an output for the principal and can have either high or low costs of production. The principal ex ante knows only that each is equally likely. The principal's aim is to extract...