Public Goods Game (Part 2)

A brief discussion of the voluntary contribution mechanism (VCM) as an example of the public goods game (PGG). The video shows how two discrete strategies (contribute everything vs. nothing) produces a strictly dominant strategy to contribute nothing. Part of ECO254…

Public Goods Game (Part 2)

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A brief discussion of the voluntary contribution mechanism (VCM) as an example of the public goods game (PGG). The video shows how two discrete strategies (contribute everything vs. nothing) produces a strictly dominant strategy to contribute nothing. Part of ECO254 (Behavioral Economics) at Smith College S2020. Part 2 of 2.

A short MCQ quiz is available here: https://forms.gle/eetjRcfxx2kPEHEq7

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