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Unraveling Public Good Games

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  • Pablo Brañas-Garza

    ()
    (GLOBE, Universidad de Granada, Granada 18071, Spain)

  • Maria Paz Espinosa

    ()
    (BRIDGE, Universidad del País Vasco, Bilbao 48015, Spain)

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.

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Bibliographic Info

Article provided by MDPI, Open Access Journal in its journal Games.

Volume (Year): 2 (2011)
Issue (Month): 4 (November)
Pages: 434-451

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Handle: RePEc:gam:jgames:v:2:y:2011:i:4:p:434-451:d:14898

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Keywords: public good games; end-game effects; beliefs; experiments;

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References

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Citations

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Cited by:
  1. Brañas-Garza, Pablo & Kernohan, David & Oyediran, Olusegun & Rivas, M. Fernanda, 2014. "Reciprocal beliefs and out-group cooperation: evidence from a public good game," MPRA Paper 55945, University Library of Munich, Germany.
  2. Coralio Ballester & Pablo Brañas-Garza & María Paz Espinosa, 2008. "Peer effects in public contributions: theory and experimental evidence," ThE Papers 08/04, Department of Economic Theory and Economic History of the University of Granada..

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