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Unraveling Public Good Games: The Role of Priors

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  • Espinosa Alejos, María Paz
  • Brañas Garza, Pablo

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 allow us to conclude that, firstly, the weight of the signal is relatively unimportant, while priors have a large weight and, secondly, priors are the same for all periods. Hence, subjects do not expect end game effects and there is very little updating of beliefs.

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Bibliographic Info

Paper provided by University of the Basque Country - Department of Foundations of Economic Analysis II in its series DFAEII Working Papers with number 2010-04.

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Date of creation: Feb 2010
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Handle: RePEc:ehu:dfaeii:201004

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Postal: Dpto. de Fundamentos del Análisis Económico II, = Facultad de CC. Económicas y Empresariales, Universidad del País Vasco, Avda. Lehendakari Aguirre 83, 48015 Bilbao, Spain
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Keywords: public good game; end game effect; beliefs;

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Cited by:
  1. Pablo Brañas-Garza & Olusegun A. Oyediran & M.Fernanda Rivas, 2010. "An experimental test of prejudice about foreign people," ThE Papers 10/04, Department of Economic Theory and Economic History of the University of Granada..
  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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