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Risk in payoff-equivalent appropriation and provision games

Brock Stoddard ()

Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), 2017, vol. 69, issue C, 78-82

Abstract: Probabilistic risk is examined within appropriation and provision games. Using a menu design, subjects make decisions in multiple one-shot situations where the individual return or the group return is a random variable. Adding risk over the benefits of cooperation is found to significantly affect subjects’ decisions only in situations in the provision game type where the individual return is probabilistic. In those decision situations, cooperation increases.

Keywords: Common-pool resources; Public goods; Risk; Uncertainty; Cooperation; Laboratory experiments (search for similar items in EconPapers)
JEL-codes: D7 D8 H4 C9 (search for similar items in EconPapers)
Date: 2017
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Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics) is currently edited by Ofer Azar

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