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The mitigation of the effects of climate change on humankind is one of the most pressing and important collective governance problems nowadays$^{1-4}$. To explore different solutions and scenarios, previous works have framed this problem into a Public Goods Game (PGG), where a dilemma between short-term interests and long-term sustainability arises$^{5-9}$. In such a context, subjects are placed in groups and play a PGG with the aim of avoiding dangerous climate change impact. Here we report on a lab experiment designed to explore two important ingredients: costly punishment to free-riders and group size. Our results show that for high punishment risk, more groups succeed in achieving the global target, this finding being robust against group size. Interestingly enough, we also find a non-trivial effect of the size of the groups: the larger the size of the groups facing the dilemmas, the higher the punishment risk should be to achieve the desired goal. Overall, the results of the present study shed more light into possible deterrent effects of plausible measures that can be put in place when negotiating climate treaties and provide more hints regarding climate-related policies and strategies.
Monitoring and reporting incorrect acts are pervasive for maintaining human cooperation, but in theory it is unclear how they influence each other. To explore their possible interactions we consider spatially structured population where individuals f
An open problem in evolutionary game dynamics is to understand the effect of peer pressure on cooperation in a quantitative manner. Peer pressure can be modeled by punishment, which has been proved to be an effective mechanism to sustain cooperation
Advancing our understanding of human behavior hinges on the ability of theories to unveil the mechanisms underlying such behaviors. Measuring the ability of theories and models to predict unobserved behaviors provides a principled method to evaluate
This paper is directed to the financial community and focuses on the financial risks associated with climate change. It, specifically, addresses the estimate of climate risk embedded within a bank loan portfolio. During the 21st century, man-made car
Assessing the consistency between short-term global temperature trends in observations and climate model projections is a challenging problem. While climate models capture many processes governing short-term climate fluctuations, they are not expecte