Thinking Like a Game Theorist: Comment
AbstractIn a recent paper in Journal of Economic Behavior and Organization, Croson (2000) shows that when subjects' beliefs about the contributions of others are elicited in a voluntary contributions public goods game, those subjects contribute less than do other subjects in the same game when beliefs are not elicited. We report briefly on a similar experiment where we do not observe this. There are small differences between this experiment and Croson's that may explain these different results, but none of these explanations are completely satisfying. So while Croson shows that belief elicitation procedures may have unwanted effects, this does not always occur; and it may be difficult to predict when and where belief elicitation procedures will have such undesirable effects.
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Bibliographic InfoPaper provided by Monash University, Department of Economics in its series Monash Economics Working Papers with number archive-30.
Length: 9 pages
Date of creation: 2000
Date of revision:
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Postal: Department of Economics, Monash University, Victoria 3800, Australia
Web page: http://www.buseco.monash.edu.au/eco/
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- McKelvey, Richard D & Page, Talbot, 1990. "Public and Private Information: An Experimental Study of Information Pooling," Econometrica, Econometric Society, vol. 58(6), pages 1321-39, November.
- Croson, Rachel T. A., 2000. "Thinking like a game theorist: factors affecting the frequency of equilibrium play," Journal of Economic Behavior & Organization, Elsevier, vol. 41(3), pages 299-314, March.
- Nagel, Rosemarie, 1995. "Unraveling in Guessing Games: An Experimental Study," American Economic Review, American Economic Association, vol. 85(5), pages 1313-26, December.
- Offerman, Theo & Sonnemans, Joep & Schram, Arthur, 1996. "Value Orientations, Expectations and Voluntary Contributions in Public Goods," Economic Journal, Royal Economic Society, vol. 106(437), pages 817-45, July.
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