Title: An Experimental Study on Simultaneous Contribution and Threshold Uncertainty
Speaker: Hui-Chun Peng (彭惠君)
Time: 2015/11/24 (Tuesday) 14:00-16:00
Venue: NCU S4 209 Lecture Hall （中央大學 科學四館 209室）
Abstract: In this paper, I seek to analyze individual contribution behaviors in a subscription game with private information on valuations and cost threshold uncertainty.
I conduct a laboratory experiment to test the theoretical predictions in Gronberg and Peng (2014) and analyze how individual contribution behaviors will be a?ected when they face di?erent kinds of the threshold uncertainty.
The experimental result supports the theoretical predictions of the comparative statics with respect to the threshold uncertainty. I ?nd that decreasing the degree of the threshold uncertainty in the sense of mean-preserving contraction, or increasing the mean of the threshold distribution in the sense of ?rst-order stochastic dominance, individuals, on average, are more willing to contribute to the public good.