Influence of human capital on the trial and error learning process in a common pool resource (CPR) game
This paper presents a study regarding the behavior of Pacific-Colombian fishers in a Common Pool Resource game. Results show that decision-making depends on human capital accumulation and the learning process. Specifically, through trial and error, those players with more human capital adjust their...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Universitat Politècnica de València
2021-12-01
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| Series: | Economía Agraria y Recursos Naturales |
| Subjects: | |
| Online Access: | https://polipapers.upv.es/index.php/EARN/article/view/15762 |
| _version_ | 1826906857471475712 |
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| author | Daniel Guerrero Jordi Rosell José Santiago Arroyo |
| author_facet | Daniel Guerrero Jordi Rosell José Santiago Arroyo |
| author_sort | Daniel Guerrero |
| collection | DOAJ |
| description | This paper presents a study regarding the behavior of Pacific-Colombian fishers in a Common Pool Resource game. Results show that decision-making depends on human capital accumulation and the learning process. Specifically, through trial and error, those players with more human capital adjust their decisions on the basis of a cooperative-collusive solution by following the feedback of their own most successful strategies in past rounds. Notably, fishers with the higher levels of formal schooling tend to harvest less because they have a better understanding of dilemma-type games and the higher benefits involved when they cooperate. |
| first_indexed | 2024-12-12T06:35:19Z |
| format | Article |
| id | doaj.art-88094fd568e64c5d904ef941e9260f31 |
| institution | Directory Open Access Journal |
| issn | 1578-0732 2174-7350 |
| language | English |
| last_indexed | 2025-02-17T08:55:55Z |
| publishDate | 2021-12-01 |
| publisher | Universitat Politècnica de València |
| record_format | Article |
| series | Economía Agraria y Recursos Naturales |
| spelling | doaj.art-88094fd568e64c5d904ef941e9260f312025-01-02T18:51:07ZengUniversitat Politècnica de ValènciaEconomía Agraria y Recursos Naturales1578-07322174-73502021-12-01212477710.7201/earn.2021.02.038100Influence of human capital on the trial and error learning process in a common pool resource (CPR) gameDaniel Guerrero0https://orcid.org/0000-0002-2004-9018Jordi Rosell1José Santiago Arroyo2Unidad Central del ValleUniversitat Autònoma de BarcelonaUniversidad del ValleThis paper presents a study regarding the behavior of Pacific-Colombian fishers in a Common Pool Resource game. Results show that decision-making depends on human capital accumulation and the learning process. Specifically, through trial and error, those players with more human capital adjust their decisions on the basis of a cooperative-collusive solution by following the feedback of their own most successful strategies in past rounds. Notably, fishers with the higher levels of formal schooling tend to harvest less because they have a better understanding of dilemma-type games and the higher benefits involved when they cooperate.https://polipapers.upv.es/index.php/EARN/article/view/15762colombian pacific coastcommon-pool resourcesnon-cooperative gamestrial and error learning process |
| spellingShingle | Daniel Guerrero Jordi Rosell José Santiago Arroyo Influence of human capital on the trial and error learning process in a common pool resource (CPR) game Economía Agraria y Recursos Naturales colombian pacific coast common-pool resources non-cooperative games trial and error learning process |
| title | Influence of human capital on the trial and error learning process in a common pool resource (CPR) game |
| title_full | Influence of human capital on the trial and error learning process in a common pool resource (CPR) game |
| title_fullStr | Influence of human capital on the trial and error learning process in a common pool resource (CPR) game |
| title_full_unstemmed | Influence of human capital on the trial and error learning process in a common pool resource (CPR) game |
| title_short | Influence of human capital on the trial and error learning process in a common pool resource (CPR) game |
| title_sort | influence of human capital on the trial and error learning process in a common pool resource cpr game |
| topic | colombian pacific coast common-pool resources non-cooperative games trial and error learning process |
| url | https://polipapers.upv.es/index.php/EARN/article/view/15762 |
| work_keys_str_mv | AT danielguerrero influenceofhumancapitalonthetrialanderrorlearningprocessinacommonpoolresourcecprgame AT jordirosell influenceofhumancapitalonthetrialanderrorlearningprocessinacommonpoolresourcecprgame AT josesantiagoarroyo influenceofhumancapitalonthetrialanderrorlearningprocessinacommonpoolresourcecprgame |