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The Effects of Group Composition and Social Preference Heterogeneity in a Public Goods Game: An Agent-Based Simulation

Lucas, Pablo and deOliveira, Angela and Banuri, Sheheryar (2014) 'The Effects of Group Composition and Social Preference Heterogeneity in a Public Goods Game: An Agent-Based Simulation.' Journal of Artificial Societies and Social Simulation, 17 (3). pp. 13-35. ISSN 1460-7425

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Abstract

Behavioural economics highlights the role of social preferences in economic decisions. Further, populations are heterogeneous, suggesting that the composition of social preference types within a group may impact the ability to sustain voluntary public goods contributions. We conduct agent-based simulations of contributions in a public goods game, varying group composition and the weight individuals place on their beliefs versus their underlying social preference type. We then examine the effect of each of these factors on contributions. We find that social preference heterogeneity negatively impacts provision over a wide range of the parameter space, even controlling for the share of types in a group.

Item Type: Article
Uncontrolled Keywords: Social Preferences, Agent-based Simulation, Group Composition, Beliefs
Subjects: H Social Sciences > HF Commerce
Divisions: Faculty of Social Sciences > Essex Business School
Faculty of Social Sciences > Essex Business School > Management Science and Entrepreneurship Group
Depositing User: Users 161 not found.
Date Deposited: 11 Nov 2014 12:06
Last Modified: 19 Nov 2015 14:05
URI: http://repository.essex.ac.uk/id/eprint/11151

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