Unraveling public good games

Article


Branas-Garza, P. and Espinosa, M. 2011. Unraveling public good games. Games. 2 (4), pp. 434-451. https://doi.org/10.3390/g2040434
TypeArticle
TitleUnraveling public good games
AuthorsBranas-Garza, P. and Espinosa, M.
Abstract

This paper provides experimental evidence on how players predict end-game effects in a linear public good game. Our regression analysis yields a measure of the relative importance of priors and signals on subjects’ beliefs on contributions and allows us to conclude that, first, the weight of the signal is relatively unimportant, while priors have a large weight and, second, priors are the same for all periods. Hence, subjects do not expect end-game effects and there is very little updating of beliefs. We argue that the sustainability of cooperation is related to this pattern of belief formation.

Keywordspublic good games; end-game effects; beliefs; experiments
PublisherMDPI
JournalGames
ISSN
Electronic2073-4336
Publication dates
Print21 Nov 2011
Publication process dates
Deposited25 Mar 2013
Accepted11 Nov 2011
Output statusPublished
Copyright Statement

open access

Digital Object Identifier (DOI)https://doi.org/10.3390/g2040434
LanguageEnglish
File
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