Complete Schedule of Events

Presentation Title

Human Behavior in simultaneous Move Games: The choice Between Public and Private Goods

Location

Young 423

Abstract

The purpose of this study was to observe cooperative behavior, or lack thereof, in an economic setting. Subjects were presented with the option of investing in either a public or private good, with constant payoffs for investing in the private good and variable but potentially greater payoffs associated with the public good. Subjects were presented with varying group sizes and demographics and communication of all forms was restricted. The results suggest that in all settings without communication, people are not likely to cooperate. This has relevant real-world implications for policy pertaining to incentivizing cooperation in a wide range of areas, economic and social.

Presentation Type

Individual Presentation

Start Date

4-8-2014 10:40 AM

End Date

4-8-2014 11:40 AM

Panel

Panel: Pet Food Labels, Transportation, and Cooperative Behavior

Field of Study for Presentation

Economics

No downloadable materials are available for this event.

Share

Import Event to Google Calendar

COinS
 
Apr 8th, 10:40 AM Apr 8th, 11:40 AM

Human Behavior in simultaneous Move Games: The choice Between Public and Private Goods

Young 423

The purpose of this study was to observe cooperative behavior, or lack thereof, in an economic setting. Subjects were presented with the option of investing in either a public or private good, with constant payoffs for investing in the private good and variable but potentially greater payoffs associated with the public good. Subjects were presented with varying group sizes and demographics and communication of all forms was restricted. The results suggest that in all settings without communication, people are not likely to cooperate. This has relevant real-world implications for policy pertaining to incentivizing cooperation in a wide range of areas, economic and social.