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Games.

By Jaromir Kovarik and Jaromir Kovarik Y

Abstract

We analyze …rst-order beliefs in a variation of the Public Good Game. We show that (1) the role that belief elicitation plays in the experiment a¤ects both the contribution behavior and beliefs, and (2) framing in-‡uences stated beliefs, as much as contribution behavior. In the second part of the paper, we study the role of heterogeneity in the formation of initial beliefs, and provide an empirical model of the belief up-dating process. Subjects use the past experience, stressing the role of experience that comes from situations similar to the current ones

Topics: Beliefs, Public Good, Framing, Experiment, Belief) Learning JEL Classi…cation, C91, D83, D84, H40
Year: 2007
OAI identifier: oai:CiteSeerX.psu:10.1.1.320.8818
Provided by: CiteSeerX
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