An experiment on the effects of ambiguity to adaptive cooperation

Date

7-2015

Degree

Bachelor of Science in Economics

College

College of Economics and Management (CEM)

Adviser/Committee Chair

Jefferson A. Arapoc

Restrictions

Restricted: Not available to the general public. Access is available only after consultation with author/thesis adviser and only to those bound by the confidentiality agreement.

Abstract

The study explored the impacts of ambiguity to group coordination. The study employed a classroom experiment to study the behavior of 41 NSTP 2 students from the University of the Philippines Los Baños (UPLB) towards a cooperative implementation of an improved drainage project against flooding. The experiment aimed to observe the students deciding to invest or not to invest to the project. The experiment consisted of two games which involved nine rounds. In the first game, the players were subjected to ambiguous risk of flooding while the damage brought about by flooding increases. Meanwhile, the second game subjected the players to a known risk of flooding while the damage brought about by flooding increases. Results of the classroom experiment showed that ambiguity has effects on adaptive cooperation. The study provided empirical evidence that ambiguity of risk increases the probability of individuals to cooperate. The damage acquired from the natural disaster, i.e. flooding, positively affects individual cooperation. The higher the damage, the higher cooperation is acquired.

Language

English

Location

UPLB Main Library Special Collections Section (USCS)

Call Number

Thesis

Document Type

Thesis

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