The public goods game is a standard of experimental economics. In the basic game, subjects secretly choose how many of their private tokens to put into a public pot. The tokens in this pot are multiplied by a factor (>1) and this "public good" payoff is evenly divided among players. Each subject also keeps the tokens they do not contribute.
Read more about Public Goods Game: Results, Multiplication Factor, Implications
Famous quotes containing the words public, goods and/or game:
“The basic idea which runs right through modern history and modern liberalism is that the public has got to be marginalized. The general public are viewed as no more than ignorant and meddlesome outsiders, a bewildered herd.”
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