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potentially divisible resource. We design an experiment to compare individuals’ decisions across three resource allocation … single-prize and multiple-prize contests. Therefore, it appears that loss aversion is correlated with behavior in the single …
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experiments many subjects strongly react to economic incentives (i.e., benefits, costs, and informational clues), often in line …
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We study how players learn to make decisions if they face many different games. Games are drawn randomly from a set of either two or six games in each of 100 rounds. If either there are few games or if extensive summary information is provided (or both) convergence to the unique Nash equilibrium...
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We conduct a laboratory experiment and provide evidence of learning spillovers within and across equivalence classes of …
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overall reduction in defense. Controlled laboratory experiments designed to test the model’s predictions are also reported …
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, despite the absence of free-riding incentives. In a laboratory experiment, contributions indeed fall short of the equilibrium …
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