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Articles 1 - 4 of 4
Full-Text Articles in Behavioral Economics
Inequality, Communication And The Avoidance Of Disastrous Climate Change In A Public Goods Game, Alessandro Tavoni, Astrid Dannenberg, Giorgos Kallis, Andreas Loeschel
Inequality, Communication And The Avoidance Of Disastrous Climate Change In A Public Goods Game, Alessandro Tavoni, Astrid Dannenberg, Giorgos Kallis, Andreas Loeschel
Alessandro Tavoni
International efforts to provide global public goods often face the challenges of coordinating national contributions and distributing costs equitably in the face of uncertainty, inequality, and free-riding incentives. In an experimental setting, we distribute endowments unequally among a group of people who can reach a fixed target sum through successive money contributions, knowing that if they fail they will lose all their remaining money with 50% probability. In some treatments we give players the option to communicate intended contributions. We find that inequality reduces the prospects of reaching the target, but that communication increases success dramatically. Successful groups tend to …
The Survival Of The Conformist: Social Pressure And Renewable Resource Management, Alessandro Tavoni
The Survival Of The Conformist: Social Pressure And Renewable Resource Management, Alessandro Tavoni
Alessandro Tavoni
This paper examines the role of other-regarding behavior as a mechanism for the establishment and maintenance of cooperation in resource use under variable social and environmental conditions. By coupling resource stock dynamics with social dynamics concerning compliance to a social norm prescribing non-excessive resource extraction in a common 10 pool resource, we show that when reputational considerations matter and a sufficient level of social stigma affects the violators of a norm, sustainable outcomes are achieved. We find large parameter regions where norm-observing and norm-violating types coexist, and analyze to what extent such coexistence depends on the environment.
Incorporating Fairness Motives Into The Impulse Balance Equilibrium And Quantal Response Equilibrium Concepts: An Application To 2x2 Games, Alessandro Tavoni
Incorporating Fairness Motives Into The Impulse Balance Equilibrium And Quantal Response Equilibrium Concepts: An Application To 2x2 Games, Alessandro Tavoni
Alessandro Tavoni
Substantial evidence has accumulated in recent empirical works on the limited ability of the Nash equilibrium to rationalize observed behavior in many classes of games played by experimental subjects. This realization has led to several attempts aimed at finding tractable equilibrium concepts which perform better empirically; one such example is the impulse balance equilibrium (Selten, Chmura, 2008), which introduces a psychological reference point to which players compare the available payoff allocations. This paper is concerned with advancing two new, empirically sound, concepts: equity-driven impulse balance equilibrium (EIBE) and equity-driven quantal response equilibrium (EQRE): both introduce a distributive reference point to …
When Fairness Bends Rationality: Ernst Fehr Meets John Nash, Alessandro Tavoni
When Fairness Bends Rationality: Ernst Fehr Meets John Nash, Alessandro Tavoni
Alessandro Tavoni
No abstract provided.