Many people contribute to public goods but stop doing so once they experience free riding. We test the hypothesis that groups whose members know that they are composed only of “likeminded” cooperators are able to maintain a higher cooperation level than the most cooperative, randomly composed groups. Our experiments confirm this hypothesis. We also predict that groups of “like-minded” free ride...

What impact does a finance education have on the social preferences and the resulting behaviors of individuals? Experiments of a free riding game are conductedwhere awealthcreating investment decision is made. The contribution benefits the group, but the incentives are such that an individual, lacking social preferences, would rather make no contribution and free ride off others. It is shown th...