Public goods experiment with default options.

• Main Authors: Teh, Jackson Wah Yock., Ng, Yee Theng., Tan, Hong Yue.
• Other Authors: School of Humanities and Social Sciences
• Format: Final Year Project
• Language: English
• Published: 2011
• Subjects: DRNTU::Social sciences::Economic theory
• Online Access: http://hdl.handle.net/10356/44311
• Institution: Nanyang Technological University

Traditional economic theory postulates that rational homo economicus are self interested and are only concerned with maximising their own utility. This means that they should act indifferently and opt towards the same eventual outcome albeit given different initial default options. However, outcome...