The 'Economist in Action' video featuring Juan Camilo Cárdenas prompts an assessment of the discoveries that economists have made by using experiments that simulate scenarios involving public goods.

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Juan Camilo Cárdenas is an economist at the Universidad de los Andes in Bogotá, Colombia, known for his pioneering work in conducting field experiments on social dilemmas. Since 1998, he has studied cooperation by engaging with real-world communities managing shared resources. As featured in an 'Economist in Action' video, his experiments help explain why people cooperate despite incentives to do otherwise. He has also collaborated on large-scale, cross-cultural research, such as a 2006 study with Joseph Henrich and others on costly punishment across different societies.

Juan Camilo Cárdenas

To cite the ebook, use The CORE Econ Team 2023 The Economy 2.0: Microeconomics Open access e-text https://core-econ.org/the-economy/.

To cite a unit, use The CORE Econ Team 2023 The Economy 2.0: Microeconomics Open access e-text https://core-econ.org/the-economy/ Unit [unit number] (url).

CORE Econ - The Economy 2.0: Microeconomics

The Universidad de los Andes, located in Bogotá, is a prominent Colombian university. It serves as the institutional home for economist Juan Camilo Cárdenas, who conducts his experimental research on social dilemmas and cooperation there.

Universidad de los Andes, Bogotá

In July 1998, economist Juan Camilo Cárdenas conducted a pioneering field experiment in the Colombian village of Jurubirá. The participants were local villagers whose livelihoods depended on a shared mangrove forest. The experiment was designed as a game that simulated the extraction of this common-pool resource, allowing Cárdenas to study their cooperative behavior in a controlled setting with real monetary incentives.

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