The Lazarillo's game: Sharing resources with asymmetric conditions.
The Lazarillo of Tormes' picaresque novel introduces a story where two subjects sequentially extract (one, two or three) tokens from a common pool in an asymmetric information framework (the first player cannot observe her partners' actions). By introducing a reward for both subjects in ca...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Public Library of Science (PLoS)
2017-01-01
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| Series: | PLoS ONE |
| Online Access: | http://europepmc.org/articles/PMC5509147?pdf=render |
| _version_ | 1818081919339855872 |
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| author | Juan A Lacomba Francisco Lagos Javier Perote |
| author_facet | Juan A Lacomba Francisco Lagos Javier Perote |
| author_sort | Juan A Lacomba |
| collection | DOAJ |
| description | The Lazarillo of Tormes' picaresque novel introduces a story where two subjects sequentially extract (one, two or three) tokens from a common pool in an asymmetric information framework (the first player cannot observe her partners' actions). By introducing a reward for both subjects in case that in every period at least one subject had taken one single token, we define an interesting coordination game. We conduct an experiment with 120 undergraduate students to study their behavior in this framework. We find that if the second player is allowed to take more tokens than her partner, then the frequency of cooperators does not seem to be affected by the informational asymmetry. Nevertheless, this asymmetry (i) incentives the second player to use her 'power of extraction' while the social externality is still available, (ii) yields to more asymmetric profit distributions when subjects win the social externality and (iii) delays the breach period in case of coordination failure. Furthermore, the first choice of the first player is determinant for getting the reward. |
| first_indexed | 2024-12-10T19:13:51Z |
| format | Article |
| id | doaj.art-ec4cbf58bd8a4d87a723509c17e0c6b5 |
| institution | Directory Open Access Journal |
| issn | 1932-6203 |
| language | English |
| last_indexed | 2024-12-10T19:13:51Z |
| publishDate | 2017-01-01 |
| publisher | Public Library of Science (PLoS) |
| record_format | Article |
| series | PLoS ONE |
| spelling | doaj.art-ec4cbf58bd8a4d87a723509c17e0c6b52022-12-22T01:36:39ZengPublic Library of Science (PLoS)PLoS ONE1932-62032017-01-01127e018042110.1371/journal.pone.0180421The Lazarillo's game: Sharing resources with asymmetric conditions.Juan A LacombaFrancisco LagosJavier PeroteThe Lazarillo of Tormes' picaresque novel introduces a story where two subjects sequentially extract (one, two or three) tokens from a common pool in an asymmetric information framework (the first player cannot observe her partners' actions). By introducing a reward for both subjects in case that in every period at least one subject had taken one single token, we define an interesting coordination game. We conduct an experiment with 120 undergraduate students to study their behavior in this framework. We find that if the second player is allowed to take more tokens than her partner, then the frequency of cooperators does not seem to be affected by the informational asymmetry. Nevertheless, this asymmetry (i) incentives the second player to use her 'power of extraction' while the social externality is still available, (ii) yields to more asymmetric profit distributions when subjects win the social externality and (iii) delays the breach period in case of coordination failure. Furthermore, the first choice of the first player is determinant for getting the reward.http://europepmc.org/articles/PMC5509147?pdf=render |
| spellingShingle | Juan A Lacomba Francisco Lagos Javier Perote The Lazarillo's game: Sharing resources with asymmetric conditions. PLoS ONE |
| title | The Lazarillo's game: Sharing resources with asymmetric conditions. |
| title_full | The Lazarillo's game: Sharing resources with asymmetric conditions. |
| title_fullStr | The Lazarillo's game: Sharing resources with asymmetric conditions. |
| title_full_unstemmed | The Lazarillo's game: Sharing resources with asymmetric conditions. |
| title_short | The Lazarillo's game: Sharing resources with asymmetric conditions. |
| title_sort | lazarillo s game sharing resources with asymmetric conditions |
| url | http://europepmc.org/articles/PMC5509147?pdf=render |
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