Influence of human capital on the trial and error learning process in a common pool resource (CPR) game

Jordi Rosell Foxa, Daniel Guerrero Bedoya, Jose Santiago Arroyo

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Resum

This paper presents a study regarding the behavior of Pacific-Colombian fishers in a Common Pool Resource game. Results show that decision-making depends on human capital accumulation and the learning process. Specifically, through trial and error, those players with more human capital adjust their decisions on the basis of a cooperative-collusive solution by following the feedback of their own most successful strategies in past rounds. Notably, fishers with the higher levels of formal schooling tend to harvest less because they have a better understanding of dilemma-type games and the higher benefits involved when they cooperate.
Títol traduït de la contribucióInfluencia del capital humano en el proceso de aprendizaje de prueba y error en un juego de recursos de uso común (CPR)
Idioma originalEnglish
Pàgines (de-a)47-77
RevistaEconomía Agraria y Recursos Naturales - Agricultural and Resource Economics
Volum21
Número2
DOIs
Estat de la publicacióPublicada - 2021

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