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  • 1.
    Bernard, Mark
    et al.
    Maastricht University .
    Dreber, Anna
    Stockholm School of Economics.
    Strimling, Pontus
    Stockholm University.
    Eriksson, Kimmo
    Mälardalen University, School of Education, Culture and Communication.
    The subgroup problem: When can binding voting on extractions from a common resource pool overcome the tragedy of the commons?2013In: Journal of Economic Behavior and Organization, ISSN 0167-2681, E-ISSN 1879-1751, Vol. 91, p. 122-130Article in journal (Refereed)
    Abstract [en]

    Using a common pool resource game protocol with voting we examine experimentally how cooperation varies with the level at which (binding) votes are aggregated. Our results are broadly in line with theoretical predictions. When players can vote on the behavior of the whole group or when leaders from each group can vote for the group as a whole, extraction levels from the common resource pool are close to the social optimum. When players extract resources individually, there is substantial overextraction. When players vote in subgroups, there is initially less overextraction but it increases over time. This suggests that in order for binding voting to overcome the tragedy of the commons in social dilemmas, it should ideally affect the group as a whole.

  • 2.
    Eriksson, Kimmo
    et al.
    Mälardalen University, School of Education, Culture and Communication.
    Strimling, Pontus
    Stockholm University.
    The devil is in the details: Incorrect intuitions in optimal search2010In: Journal of Economic Behavior and Organization, ISSN 0167-2681, E-ISSN 1879-1751, Vol. 75, p. 338-347Article in journal (Refereed)
    Abstract [en]

    n the classic Secretary Problem it has been established that people tend to search somewhat less than is optimal, and a number of explanations have been suggested. Here we propose a new explanation, the Similar-But-Incorrect Intuitions Hypothesis, which says that suboptimal search behavior is to be expected because optimal strategies vary disproportionately with subtle details of the search problem setup, whereas people seem to entertain general intuitions about optimal search. We find support for this hypothesis in experiments on a new search problem, the Explore-and-Collect Problem, where the player collects utility from an option every time it is tried and options can be recalled. Although the optimal search effort in this problem is much smaller than for the Secretary Problem, people tend to search only marginally less. This is not predicted by previous explanations for suboptimal search.

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