Public goods games and psychological utility: Theory and evidence
Sanjit Dhami (),
Mengxing Wei () and
Ali al-Nowaihi ()
No 16/17, Discussion Papers in Economics from Division of Economics, School of Business, University of Leicester
We consider a public goods game which incorporates guilt-aversion/surprise- seeking and the attribution of intentions behind these emotions (Battigalli and Dufwenberg, 2007; Khalmetski et al., 2015). We implement the induced beliefs method (Ellingsen et al., 2010) and a within-subjects design using the strategy method. Previous studies mainly use dictator games - whose results may not be robust to adding strategic components. We …nd that guilt-aversion is far more important than surprise-seeking; and that the attribution of intentions behind guilt- aversion/surprise-seeking is important. Our between-subjects analysis confirms the results of the within-subjects design.
Keywords: Public goods games; psychological game theory; surprise-seeking/guilt- aversion; attribution of intentions; induced beliefs method; strategy method; within- subjects design. (search for similar items in EconPapers)
JEL-codes: D01 D03 H41 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-exp, nep-hpe and nep-upt
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Working Paper: Public Goods Games and Psychological Utility: Theory and Evidence (2018)
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