Infl uence of human capital on the trial and error learning process in a common pool resource (CPR) game

Daniel Guerrero, Jordi Rosell and José Arroyo

Economia Agraria y Recursos Naturales, vol. 21, issue 02

Abstract: [EN] This paper presents a study regarding the behavior of Pacific-Colombian fishers in a Common Pool Resource game. Results show that decision-making depends on human capital accumulation and the learning process. Specifically, through trial and error, those players with more human capital adjust their decisions on the basis of a cooperative-collusive solution by following the feedback of their own most successful strategies in past rounds. Notably, fishers with the higher levels of formal schooling tend to harvest less because they have a better understanding of dilemma-type games and the higher benefits involved when they cooperate. [ES] Este estudio presenta resultados sobre el comportamiento de los pescadores del Pacífico colombiano en un juego de recursos de uso común. Los resultados muestran que la toma de decisiones depende del capital humano y del proceso de aprendizaje. A través de prueba y error, aquellos jugadores con más capital humano ajustan sus decisiones hacia una solución cooperativa-colusoria siguiendo la retroalimentación de sus propias estrategias más exitosas en rondas pasadas. Particularmente, los pescadores con niveles mayores de educación formal tienden a extraer menos unidades debido a mejor comprensión de los juegos tipo dilema social y los mayores beneficios obtenidos al cooperar.

Keywords: Health Economics and Policy; Labor and Human Capital (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:earnsa:329146

DOI: 10.22004/ag.econ.329146

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