Public goods games and psychological utility: Theory and evidence
Sanjit Dhami (),
Mengxing Wei and
Journal of Economic Behavior & Organization, 2019, vol. 167, issue C, 361-390
We consider a theoretical model of a public goods game that incorporates reciprocity, guilt-aversion/surprise-seeking, and the attribution of intentions behind these emotions. In order to test our predictions, we implement the ‘induced beliefs method’ and a within-subjects design, using the strategy method. We find that all our psychological variables contribute towards the explanation of contributions. Guilt-aversion is pervasive at the individual-level and the aggregate-level and it is relatively more important than surprise-seeking. Our between-subjects analysis confirms the results of the within-subjects design.
Keywords: D01; D03; H41; Public goods games; Psychological game theory; Reciprocity; Surprise-seeking/guilt-aversion; Attribution of intentions; Induced beliefs method; Within and between subjects designs (search for similar items in EconPapers)
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Working Paper: Public Goods Games and Psychological Utility: Theory and Evidence (2018)
Working Paper: Public goods games and psychological utility: Theory and evidence (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeborg:v:167:y:2019:i:c:p:361-390
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