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- W4220881505 abstract "• We present an experiment on information defaults. • The cost of information, is positive, zero or negative. • A third of subjects values information even at a cost. • A default of no information reduces cooperation unraveling. We study an unexplored type of defaults - information defaults - in a repeated public good provision setting. In our treatments, we vary the default of having or not having contribution information as well as whether the information comes with a positive, zero or negative financial incentive. We find that almost all subjects have the information when this is cost-free or financially beneficial, but around a third have the information even when this is costly. Moreover, a default of not having information leads to a slower unraveling of cooperation which is matched by the beliefs about others’ contributions in these treatments. We also find a secondary informational default effect, challenging previous findings on how defaults work: when the default is no information, subjects do not seek information more often, but they tend to believe that more other subjects seek information." @default.
- W4220881505 created "2022-04-03" @default.
- W4220881505 creator A5046086819 @default.
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- W4220881505 date "2022-05-01" @default.
- W4220881505 modified "2023-10-02" @default.
- W4220881505 title "Information defaults in repeated public good provision" @default.
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- W4220881505 doi "https://doi.org/10.1016/j.jebo.2022.03.001" @default.
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