Browsing by Author "Schmidt, Max-Philipp"
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- Information asymmetry in public goods gamesPublication . Schmidt, Max-Philipp; Almeida, Ana Filipa Martinho deIn this study, the concept of basic income is treated as an information advantage lowering environmental uncertainty of future income. Decision-making is analyzed in the context of linear public goods games, following a novel theoretical setup that allows for the isolation of information asymmetry. Furthermore, a formula to quantify the information asymmetry is deduced. Research findings from two simulated public goods games indicate that exposing participants to less environmental uncertainty, in form of granting a basic income each period, leads to significantly lower voluntary contributions to the group account promoting opportunistic behavior. Also, evidence is found suggesting that the type of uncertainty and perceptions of fairness can influence this effect.