- A-Z
- Jena Economic Resea...
- Volume 5
- Use of data on plan...
- Abgebildete Person
- Erschienen
- 13. September 2011
- Nummer des Discussion-Papers
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2011-039
- Schlagwort(e)
-
Mixture models
Public good experiments
Social preferences
- Zusammenfsg.
-
In a series of one-shot linear public goods game, we ask subjects to report their contributions, their contribution plans for the next period, and their first-order beliefs about their present and future partner. We estimate subjects’ preferences from plans data by a finite mixture approach and compare the results with those obtained from contribution data. Our results indicate that preferences are heterogeneous, and that most subjects exhibit conditionally cooperative inclinations. Controlling for beliefs, which incorporate the information about the other’s decisions, we are able to show that plans convey accurate information about subjects’ preferences and, consequently, are good predictors of their future behavior.
- article pub. typess JER
- Research article
- article languages JER
- Englisch
- JEL-Classification for JER
- C35 - Discrete Regression and Qualitative Choice Models ; C51 - Model Construction and Estimation ; C72 - Noncooperative Games ; H41 - Public Goods