Passing the Buck On the acceptance of responsibility
Passing the Buck On the acceptance of responsibility
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DOI:
10.1016/j.rie.2016.07.003
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发表时间:
2017-03-01
影响因子:
0.6
通讯作者:
Bolle, Friedel
中科院分区:
文献类型:
--
作者:
Bolle, Friedel
In the Passing the Buck game, the n members of a group decide in a given order whether or not to incur costs so that they can fix a certain problem for the benefit of the group. Passing the Buck means that one relies on the service of a successor. The decision is influenced by social preferences and by strategic considerations. We derive three main conclusions from experiments with n=3 and n=4. (i) The unique perfect Baysian equilibrium of the Passing the Buck game with incomplete information about the preferences of other players generally fits the data, however with two interesting exceptions. (ii) Backward induction breaks down if it requires more than two steps, i.e., for the first player in the game with n=4. (iii) Making one of the members of the group an "expert" who alone is competent to fix the problem is connected with a change of social preferences. (C) 2017 University of Venice. Published by Elsevier Ltd. All rights reserved.