Fragility of the commons under prospect-theoretic risk attitudes

DOI10.1016/J.GEB.2016.06.003zbMath1394.91018arXiv1408.5951OpenAlexW1814065390MaRDI QIDQ738933

Siddharth Garg, Shreyas Sundaram, Ashish R. Hota

Publication date: 16 August 2016

Published in: Games and Economic Behavior (Search for Journal in Brave)

Full work available at URL: https://arxiv.org/abs/1408.5951

zbMATH Keywords

common-pool resourceloss aversionprospect theorytragedy of the commonsinefficiency of equilibriaresource dilemmarisk heterogeneity

Mathematics Subject Classification ID

Noncooperative games (91A10) Utility theory (91B16) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

Related Items (3)

Smart routing of electric vehicles for load balancing in smart grids ⋮ Prospect-theoretic Q-learning ⋮ A fragile multi-CPR game

Cites Work

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