Influence of human capital on the trial and error learning process in a common pool resource (CPR) game

Autor:	Daniel Guerrero, Jordi Rosell, José Santiago Arroyo
Jazyk:	English<br />Spanish; Castilian
Rok vydání:	2021
Předmět:	colombian pacific coast common-pool resources non-cooperative games trial and error learning process Land use HD101-1395.5 Economic growth development planning HD72-88
Zdroj:	Economía Agraria y Recursos Naturales, Vol 21, Iss 2, Pp 47-77 (2021)
Druh dokumentu:	article
ISSN:	1578-0732 2174-7350
DOI:	10.7201/earn.2021.02.03
Popis:	This paper presents a study regarding the behavior of Pacific-Colombian fishers in a Common Pool Resource game. Results show that decision-making depends on human capital accumulation and the learning process. Specifically, through trial and error, those players with more human capital adjust their decisions on the basis of a cooperative-collusive solution by following the feedback of their own most successful strategies in past rounds. Notably, fishers with the higher levels of formal schooling tend to harvest less because they have a better understanding of dilemma-type games and the higher benefits involved when they cooperate.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/88094fd568e64c5d904ef941e9260f31 Zobrazit plný text záznamu View record in DOAJ