Critical mass and time-lag discounting.
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Scenario 5: High threshold (α = 3/5) and discounting. The payoffs are larger so that the total payoff from scenarios 1–2 (over eight rounds) and scenario 5 (round nine) are similar.Scenario 6: Low threshold (α = 1/5) and discounting. The payoffs are larger so that the total payoff from scenarios 3–4 (over eight rounds) and scenario 6 (round nine) are similar.Critical mass and time-lag discounting.
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2015-12-03



