Cooperation against all predictions

Friedel Bolle and Jörg Spiller

Economic Inquiry, 2021, vol. 59, issue 3, 904-924

Abstract: In Binary Threshold Public Good (BTPG) games, n players have binary choices: cooperation or non‐cooperation. If at least k players cooperate, a public good is produced. The case k = n is the Stag Hunt game with the two pure strategy equilibria E1 (all players cooperate) and E0 (no player cooperates). In four rather diverse examples of four‐player Stag Hunt games, three prominent concepts of equilibrium selection favor E0. Experiments, however, result in cooperation frequencies between 70.3% and 99.7%. Also for k

Date: 2021
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