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Public goods game information


In this diagram of a public goods game, three players choose to contribute their full $20 while the fourth player chooses to contribute $0. The $60 is multiplied by a factor of 1.2 and the resulting $72 is distributed equally among the four players.

The public goods game is a standard of experimental economics. In the basic game, subjects secretly choose how many of their private tokens to put into a public pot. The tokens in this pot are multiplied by a factor (greater than one and less than the number of players, N) and this "public good" payoff is evenly divided among players. Each subject also keeps the tokens they do not contribute.

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Public goods game

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The public goods game is a standard of experimental economics. In the basic game, subjects secretly choose how many of their private tokens to put into...

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Goods

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will under-provide public goods, so these goods have to be produced by other means, including government provision. Public goods can also suffer from...

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Gary Charness

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Natalia Jiménez (2014), “Identities, Selection, and Contributions in a Public-goods Game,” Games and Economic Behavior, 87, 322–338. Charness, Gary, Francesco...

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Dictator game

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dictator game model, also referred to as the "giving" game. Impunity game Neuroeconomics Ultimatum game Prisoner's dilemma Public goods game Social preferences...

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form of a probability puzzle, based nominally on the American television game show Let's Make a Deal and named after its original host, Monty Hall. The...

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Strong reciprocity

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to demonstrate strong reciprocity preferences is the public goods game. In a public goods game, some number of participants are placed in a group. Each...

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Ultimatum game

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Puzzle for Pirates". Dictator game Fair division experiments Gift-exchange game Impunity game Neuroeconomics Public goods game Prisoner's dilemma Social preferences...

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the game of chess; that is, one by which one of the players (White or Black) can always force a victory, or either can force a draw (see solved game). It...

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PGG

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refer to: Pentagalloyl glucose PGG-glucan, a type of beta-glucan Public goods game, a standard of experimental economics pgg may refer to : Group pgg...

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Goods and services

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Goods are items that are usually (but not always) tangible, such as pens or apples. Services are activities provided by other people, such as teachers...

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Repeated game

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and reward on game strategy, see 'Public Goods Game with Punishment and for Reward'). Example 2: Two-Stage Repeated Game with Unique Nash Equilibrium Example...

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Luxury goods

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overall spending. Luxury goods are in contrast to necessity goods, where demand increases proportionally less than income. Luxury goods is often used synonymously...

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Social complexity

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Chen (2011). "Sympathy and Punishment: Evolution of Cooperation in Public Goods Game." Journal of Artificial Societies and Social Simulation, 14(4): 20...

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Intellectual giftedness

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Sensitivity and Social Adaptation Ability in Gifted Adolescents during a Public Goods Game". PLoS ONE. 6 (2): e17044. Bibcode:2011PLoSO...617044C. doi:10.1371/journal...

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Economics of religion

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at religion in various games – Prisoner's dilemma, public goods game, ultimatum game, dictator game and parametric choice. Generally, as Hoffman's (2011)...

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Neuroeconomics

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and Impaired Strategic Decision Making in Schizophrenia During a Public Goods Game". Schizophrenia Bulletin. 39 (1): 112–119. doi:10.1093/schbul/sbr068...

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Public economics

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subject encompasses a host of topics notably market failures such as, public goods, externalities and Imperfect Competition, and the creation and implementation...

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Game show

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cash, trips and goods and services. Game shows began to appear on radio and television in the late 1930s. The first television game show, Spelling Bee...

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Experimental economics

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economic games including the dictator game, the ultimatum game, the trust game, the gift-exchange game, the public goods game, and modifications to these canonical...

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Lindahl tax

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form of taxation conceived by Erik Lindahl in which individuals pay for public goods according to their marginal benefits. In other words, they pay according...

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