Voluntary Contributions with Risky and Uncertain Marginal Returns: The Importance of the Parameter Values

M. Vittoria Levati · Andrea Morone

47 citations0/0 files storedJournal of Public Economic Theory

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Experimental Behavioral Economics Studies Decision-Making and Behavioral Economics Economic Policies and Impacts

Abstract

Abstract Previous research indicates that risky and uncertain marginal returns from a public good lower contributions significantly. This paper presents experimental results showing that this effect depends on the employed parameterization.

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1979Prospect Theory: An Analysis of Decision under Risk 1988Prospect theory: An analysis of decision under risk 1921Risk, Uncertainty and Profit 2007z-Tree: Zurich toolbox for ready-made economic experiments 1961Risk, Ambiguity, and the Savage Axioms 1991Loss Aversion in Riskless Choice: A Reference-Dependent Model 2013Choices, Values, and Frames 19952. Public Goods: A Survey of Experimental Research

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2019Cooperation in a risky world 2021Experimental evidence of common pool resource use in the presence of uncertainty 2018Social Value Orientation and Group Size Uncertainty in Public Good Dilemmas 2024The Ambiguity Box: A new tool to generate ambiguity in the lab

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