Common knowledge promotes risk pooling in an experimental economic game.

Risk management is a problem humans have faced throughout history and across societies. One way to manage risk is to transfer it to other parties through formal and informal insurance systems. One informal method of self-insurance is limited risk pooling, where individuals can ask for help only when...

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Bibliographic Details
Main Authors: Lee Cronk, Athena Aktipis, Steven Gazzillo, Dave White, Amber Wutich, Barry Sopher
Format: Article
Language:English
Published: Public Library of Science (PLoS) 2019-01-01
Series:PLoS ONE
Online Access:https://doi.org/10.1371/journal.pone.0220682