Short Answer

Explaining Behavior in a Group Investment Game

A participant in a multi-round investment game, Player A, contributes 10 out of 20 tokens in the first round. They observe that the average contribution from other group members was only 2 tokens. In the second round, Player A reduces their contribution to 3 tokens. Based on social norms, explain the most likely reason for Player A's change in behavior.

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Updated 2025-09-19

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