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Risk and Cooperation : Experimental Evidence from Stochastic Public Good Games

Wengström, Erik LU and Vesely, Stepan (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.
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author
organization
publishing date
type
Working Paper
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
2017-03-03 11:44:11
@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},
  keyword      = {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},
  pages        = {32},
  publisher    = {Department of Economics, Lund University },
  series       = {Working Papers},
  title        = {Risk and Cooperation : Experimental Evidence from Stochastic Public Good Games},
  volume       = {2017},
  year         = {2017},
}