Risk and Cooperation : Experimental Evidence from Stochastic Public Good Games
(2017) In Working Papers 2017(3).- Abstract
- Outcomes in social dilemmas often have a stochastic component. We report experimental findings from public good games with both correlated and independent risk across players. We find that the presence of both types of risk prevents the decay of cooperation typically observed in the standard deterministic public good game. The results further suggest that it is greater relative importance of social norms or warm glow giving, rather than risk sharing opportunities that foster cooperation in our stochastic public good game.
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/780fb326-c25c-413c-a657-ec7afafe763b
- author
- Wengström, Erik LU and Vesely, Stepan
- organization
- publishing date
- 2017-03-02
- type
- Working paper/Preprint
- publication status
- published
- subject
- keywords
- risk pooling, risk sharing, social norms, linear public goods game, cooperation decay, stable cooperation, H41, D03, D80
- in
- Working Papers
- volume
- 2017
- issue
- 3
- pages
- 32 pages
- publisher
- Department of Economics, Lund University
- language
- English
- LU publication?
- yes
- id
- 780fb326-c25c-413c-a657-ec7afafe763b
- date added to LUP
- 2017-03-03 11:44:11
- date last changed
- 2020-12-04 11:11:30
@misc{780fb326-c25c-413c-a657-ec7afafe763b, abstract = {{Outcomes in social dilemmas often have a stochastic component. We report experimental findings from public good games with both correlated and independent risk across players. We find that the presence of both types of risk prevents the decay of cooperation typically observed in the standard deterministic public good game. The results further suggest that it is greater relative importance of social norms or warm glow giving, rather than risk sharing opportunities that foster cooperation in our stochastic public good game.}}, author = {{Wengström, Erik and Vesely, Stepan}}, keywords = {{risk pooling; risk sharing; social norms; linear public goods game; cooperation decay; stable cooperation; H41; D03; D80}}, language = {{eng}}, month = {{03}}, note = {{Working Paper}}, number = {{3}}, publisher = {{Department of Economics, Lund University}}, series = {{Working Papers}}, title = {{Risk and Cooperation : Experimental Evidence from Stochastic Public Good Games}}, url = {{https://lup.lub.lu.se/search/files/22136868/wp17_3.pdf}}, volume = {{2017}}, year = {{2017}}, }