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Title:Preferences and beliefs in a sequential social dilemma: a within-subjects analysis PDF Logo
Authors:Blanco, Mariana
Engelmann, Dirk
Koch, Alexander K.
Normann, Hans-Theo
Issue Date:2009
Series/Report no.:IZA Discussion Papers 4624
Abstract:Within-subject data from sequential social dilemma experiments reveal a correlation of first-and second-mover decisions for which two channels may be responsible, that our experiment allows to separate: i) a direct, preference-based channel that influences both first- and second-mover decisions; ii) an indirect channel, where second-mover decisions influence beliefs via a consensus effect, and the first-mover decision is a best response to these beliefs. We find strong evidence for the indirect channel: beliefs about second-mover cooperation are biased toward own second-mover behavior, and most subjects best respond to stated beliefs. But when first movers know the true probability of second-mover cooperation, subjects' own second moves still have predictive power regarding their first moves, suggesting that the direct channel also plays a role.
Subjects:Experimental economics
consensus effect
social dilemmas
JEL:C72
C90
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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