Institutions, property rights, and economic growth

the legacy of Douglass North

Institutions, property rights, and economic g ...
Sebastián Galiani, Itai Sened, ...
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Last edited by ImportBot
January 15, 2023 | History

Institutions, property rights, and economic growth

the legacy of Douglass North

"After ten rounds of playing the prisoners' dilemma game, subjects were given the possibility of eliminating one of the two actions by plurality. Each subject voted on whether to keep all actions, eliminate D, or eliminate C. After voting, the subject participated in ten more rounds depending on the decision made by plurality. To study the effect of subjects' understanding of the game on voting decisions I modify how game is presented to the subjects. In half the sessions, the computer screen shows the payoff matrix with the subject action as rows and their partners as columns. Feedback about the outcome is also provided by highlighting the chosen row and column. The other half of the sessions did not see the payoffs displayed as a matrix and feedback did not stress the behavior of the partner by highlighting his/her behavior in the matrix (but this behavior was reported). Figure 1 shows a screen shot of each treatment (payoffs are set in cents). I hypothesize that not showing the game as a matrix may diminish subjects' understanding of the structure of the game and the likely effect of modifying the game by eliminating a strategy. I called these two treatments as "See Matrix" and "Do Not See Matrix" treatments, respectively. The participants were 80 Brown University or RISD undergraduates. Half the subjects participated in each of the treatments. As Figure 2 shows, in the first ten rounds the evolution of cooperation is consistent to what has been found in the literature: a significant cooperation rate that decreases with experience (see Andreoni and Miller 1993, and Dal B

Publish Date
Language
English

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Edition Availability
Cover of: Institutions, Property Rights, and Economic Growth
Institutions, Property Rights, and Economic Growth: The Legacy of Douglass North
2019, Cambridge University Press
in English
Cover of: Institutions, Property Rights, and Economic Growth
Institutions, Property Rights, and Economic Growth: The Legacy of Douglass North
2014, Cambridge University Press
in English
Cover of: Institutions, Property Rights, and Economic Growth
Institutions, Property Rights, and Economic Growth
2014, Cambridge University Press
in English
Cover of: Institutions, property rights, and economic growth
Institutions, property rights, and economic growth: the legacy of Douglass North
2014, Cambridge University Press
in English
Cover of: Institutions, Property Rights, and Economic Growth
Institutions, Property Rights, and Economic Growth: The Legacy of Douglass North
2014, Cambridge University Press
in English

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Book Details


Edition Notes

Includes bibliographical references and index.

Published in
Cambridge

Classifications

Dewey Decimal Class
330.092
Library of Congress
HC21 .I58 2014

The Physical Object

Pagination
pages cm

Edition Identifiers

Open Library
OL31160867M
ISBN 13
9781107041554
LCCN
2013032184
OCLC/WorldCat
857370276

Work Identifiers

Work ID
OL23312845W

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Download catalog record: RDF / JSON / OPDS | Wikipedia citation
January 15, 2023 Edited by ImportBot import existing book
December 8, 2022 Edited by MARC Bot import existing book
December 3, 2022 Edited by ImportBot import existing book
September 13, 2021 Edited by ImportBot import existing book
November 14, 2020 Created by MARC Bot Imported from Library of Congress MARC record