Cost asymmetry and incomplete information in a volunteer’s dilemma experiment
| Autor: | Andrew Healy, Jennifer Pate |
|---|---|
| Rok vydání: | 2018 |
| Předmět: |
Economics and Econometrics
media_common.quotation_subject 05 social sciences Social dilemma Dilemma Microeconomics symbols.namesake Action (philosophy) Nash equilibrium Complete information 0502 economics and business symbols Public goods game Economics 050206 economic theory 050207 economics Welfare Volunteer's dilemma Social Sciences (miscellaneous) media_common |
| Zdroj: | Social Choice and Welfare. 51:465-491 |
| ISSN: | 1432-217X 0176-1714 |
| DOI: | 10.1007/s00355-018-1124-6 |
| Popis: | We utilize a laboratory experiment to examine the effect of asymmetric costs in the volunteer’s dilemma, a public goods game where all players receive a benefit if at least one person volunteers and nothing otherwise, which presents a social dilemma where the optimal action for the individual differs from that for the group. Additionally, we introduce uncertainty to explore the role of information and find that individual behavior aligns most closely with the more intuitive Nash equilibrium strategies under full information and to a lesser extent with incomplete information. Although uncertainty about fellow group members’ costs incentivizes greater volunteering and thus has the potential to improve efficiency, we find that the inability to coordinate prevents groups from experiencing welfare gains as a result. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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