The role of beliefs,trust, and risk in contributions to a public good |
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| Affiliation: | 1. Department of Economics, University of Munich, Geschwister-Scholl-Platz 1, D-80539 Munich, Germany;2. Department of Economics, University of Gothenburg, Box 640, 405 30 Gothenburg, Sweden;3. School of Economics and Finance, Queensland University of Technology, 4000 Brisbane, Australia;1. Department of Business Administration, Chung Yuan Christian University, Taiwan;2. Department and Graduate Institute of Business Administration, National Taiwan University, Taiwan;1. Department of Economics, University of Auckland, New Zealand.;2. Thailand Development Research Institute, Thailand;1. Universidad del Rosario, Economics Department, Calle 14 No. 4-80, Bogotá, Colombia;2. Department of Economics, University of Mannheim, L7, 3-5, D-68131 Mannheim, Germany;3. Centre for Experimental Economics, University of Copenhagen, Denmark;4. CERGE-EI, Prague, Czech Republic;5. CESIfo, Munich, Germany;6. School of Economics and Management, Aarhus University, Building 1322, 8000 Aarhus C, Denmark;7. Duesseldorf Institute for Competition Economics (DICE), Duesseldorf University, 40225 Duesseldorf, Germany;8. Max-Planck Institute for Research on Collective Goods, Germany;1. Department of Economics, Catholic University of Milan, Largo Gemelli 1, 20126 Milan, Italy;2. LCSR, National Research University, Higher School of Economics, Russian Federation;3. Department of Economics and Neuro-Mi, University of Milan Bicocca, Piazza dell’Ateneo Nuovo 1, 20126 Milan, Italy |
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| Abstract: | This paper experimentally investigates if and how beliefs, trust, and risk attitudes are associated with cooperative behavior. By applying incentivized elicitation methods to measure these concepts, we find that beliefs about others’ cooperation and trust are positively correlated with cooperation in a public goods game. However, even though contributing to a public good resembles a situation of making decisions under strategic uncertainty, elicited risk preferences do not seem to explain cooperation in a systematic way. |
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| Keywords: | Public goods Cooperation Risk preferences Trust Experiment |
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