Unraveling Public Good Games

Games

Pablo Bra༚s-Garza¹ 

[1] GLOBE, Universidad de Granada, Granada 18071, Spain; E-Mail:

关键词: public good games;    end-game effects;    beliefs;    experiments;   

DOI  :  10.3390/g2040434

来源: mdpi

【 摘 要 】

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.

【 授权许可】

CC BY   
© 2011 by the authors; licensee MDPI, Basel, Switzerland.