Continuous time and communication in a public-goods experiment
•We investigate the nature of continuous time strategic interactions in public-goods games.•The effect of continuous time is muted compared to prisoner's dilemma games.•However, with chat the median subject contributes completely to the public good.•At the median, chat is less than half as effe...
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| Published in: | Journal of economic behavior & organization Vol. 108; pp. 212 - 223 |
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| Main Authors: | , , |
| Format: | Journal Article |
| Language: | English |
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Amsterdam
Elsevier B.V
01.12.2014
Elsevier Sequoia S.A |
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| ISSN: | 0167-2681, 1879-1751 |
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| Abstract | •We investigate the nature of continuous time strategic interactions in public-goods games.•The effect of continuous time is muted compared to prisoner's dilemma games.•However, with chat the median subject contributes completely to the public good.•At the median, chat is less than half as effective in discrete time.
We investigate the nature of continuous time strategic interaction in public-goods games. In one set of treatments, four subjects make contribution decisions in continuous time during a 10-min interval while in another they make them only at 10 discrete points of time during this interval. The effect of continuous time is muted in public-goods games compared to simpler social dilemmas and the data suggest that widespread coordination problems are to blame. When we add a rich communication protocol, these coordination problems largely disappear and the median subject contributes completely to the public good with no sign of decay over time. At the median, the same communication protocol is less than half as effective in discrete time. |
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| AbstractList | We investigate the nature of continuous time strategic interaction in public-goods games. In one set of treatments, four subjects make contribution decisions in continuous time during a 10-min interval while in another they make them only at 10 discrete points of time during this interval. The effect of continuous time is muted in public-goods games compared to simpler social dilemmas and the data suggest that widespread coordination problems are to blame. When we add a rich communication protocol, these coordination problems largely disappear and the median subject contributes completely to the public good with no sign of decay over time. At the median, the same communication protocol is less than half as effective in discrete time. •We investigate the nature of continuous time strategic interactions in public-goods games.•The effect of continuous time is muted compared to prisoner's dilemma games.•However, with chat the median subject contributes completely to the public good.•At the median, chat is less than half as effective in discrete time. We investigate the nature of continuous time strategic interaction in public-goods games. In one set of treatments, four subjects make contribution decisions in continuous time during a 10-min interval while in another they make them only at 10 discrete points of time during this interval. The effect of continuous time is muted in public-goods games compared to simpler social dilemmas and the data suggest that widespread coordination problems are to blame. When we add a rich communication protocol, these coordination problems largely disappear and the median subject contributes completely to the public good with no sign of decay over time. At the median, the same communication protocol is less than half as effective in discrete time. We investigate the nature of continuous time strategic interaction in public-goods games. In one set of treatments, four subjects make contribution decisions in continuous time during a 10-min interval while in another they make them only at 10 discrete points of time during this interval. The effect of continuous time is muted in public-goods games compared to simpler social dilemmas and the data suggest that widespread coordination problems are to blame. When we add a rich communication protocol, these coordination problems largely disappear and the median subject contributes completely to the public good with no sign of decay over time. At the median, the same communication protocol is less than half as effective in discrete time. All rights reserved, Elsevier |
| Author | Friedman, Daniel Oprea, Ryan Charness, Gary |
| Author_xml | – sequence: 1 givenname: Ryan surname: Oprea fullname: Oprea, Ryan email: roprea@gmail.com organization: Economics Department, University of California, Santa Barbara, 2127 North Hall, Santa Barbara, CA 93106, United States – sequence: 2 givenname: Gary surname: Charness fullname: Charness, Gary email: charness@econ.ucsb.edu organization: Economics Department, University of California, Santa Barbara, 2127 North Hall, Santa Barbara, CA 93106, United States – sequence: 3 givenname: Daniel surname: Friedman fullname: Friedman, Daniel email: dan@cats.ucsc.ed organization: Economics Department, University of California, Santa Cruz, 401 Engineering 2 Building, 1156 High Street, Santa Cruz, CA 95064, United States |
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| SubjectTerms | Blame C72 C92 Communication Continuous time games Coordination D70 Decision Discrete time Economic theory Effects Experiments Game theory Games H41 Policy co-ordination Protocol Public good Public goods Social dilemmas Social interaction Studies Time Treatment methods Voluntary contribution mechanism |
| Title | Continuous time and communication in a public-goods experiment |
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