Studying economics reduces overexploitation in a common resource experimentGeorgantzis, N., Arroyo-Mina, J. S. and Guerrero, D. (2013) Studying economics reduces overexploitation in a common resource experiment. Theoretical Economics Letters, 03 (5B). pp. 31-39. ISSN 2162-2078 Full text not archived in this repository. It is advisable to refer to the publisher's version if you intend to cite from this work. See Guidance on citing. To link to this item DOI: 10.4236/tel.2013.35A2006 Abstract/SummaryThis paper studies the economic behavior of agents, who make decisions regarding the sustainability of Common-Pool Resources (CPR). For this purpose, economic experiments are applied to simulate the yield of a CPR, taking into account the influence of economics training on the learning process of individuals, regarding their decisions for sustainability. Based on a non-cooperative game with simultaneous choices, the results of experiments show that after several rounds the existence of economics knowledge reflects a better learning process for making decisions regarding sustainability of CPR.
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