PSYC 3100 Lecture Notes - Lecture 10: Overfishing, Blood Donation, Big-Game Hunting

• School: University of Guelph
• Department: Psychology
• Course: PSYC 3100
• Professor: Pat Barclay

Document Summary

In pairs, if one-person defects, defecting back in retaliation against that individual. In groups, defecting back hurts everyone; it is hard to reciprocate to hurt only the individual that defected first. If you do all the work, your group members get the same mark. Why not sit back and free ride on everyone else: everyone has a private incentive to defect (not contribute to the, there is an incentive to not give public goods involved public good). When everyone does this, there is no public good provided and everyone is punished. If a few people took an extra couple fish, the interest and did this, the stock would be completely gone population wouldn"t be harmed. If everyone followed their best whether they"ve ever donated. If no one donated, this would be a. Public goods games: 4 players receive dollars each.