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We experimentally study behavior in a finitely repeated coalition formation game played in real time. Subjects interact in groups of three, bargaining over the distribution of payments which occur at regular time intervals. During a given interval, payments occur if and only if a majority is in...
Persistent link: https://www.econbiz.de/10011165631
Erat and Gneezy (2012) conduct an experiment to test whether people avoid lying in a situation where doing so would … experiment does not provide a reliable test for such an aversion, and that the evidence does not support the authors' conclusion …. I conduct two new experiments which are explicitly designed to test for a 'pure' aversion to lying, and find no evidence …
Persistent link: https://www.econbiz.de/10011165632
behaviour in experiments. For other payoff parameters, however, actual behaviour deviates consistently from that predicted by …
Persistent link: https://www.econbiz.de/10005453737
laboratory experiment we test the different theories by systematically varying information conditions. We find significant …
Persistent link: https://www.econbiz.de/10005150934
Least-Unmatched Price Auctions have become a popular format of TV and radio shows. Increasingly, they are also applied in internet trading. In these auctions the lowest single (unique) bid wins. We analyze the game-theoretic solution of least unmatched price auctions when prize, bidding cost and...
Persistent link: https://www.econbiz.de/10005150937
actions will be played some fraction of the time in the long run. We then conduct experiments to check this fragility. We …
Persistent link: https://www.econbiz.de/10005150943
We use an experiment to explore how subjects learn to play against computers which are programmed to follow one of a … and that all learning algorithms are subject to exploitation with the notable exception of imitation. The experiment was …
Persistent link: https://www.econbiz.de/10005150956
In oligopoly, imitating the most successful competitor yields very competitive outcomes. This theoretical prediction has been confirmed experimentally by a number of studies. A recent paper by Friedman et al. (2015) qualifies those results in an interesting way: while they replicate the very...
Persistent link: https://www.econbiz.de/10011253049
settings. We first test whether scores on the Big Five are related to performance in our experiment, and second how this is …
Persistent link: https://www.econbiz.de/10008916029
In an aging society, it becomes more and more important to understand how aging affects decision making. Older adults have to face many situations that require consequential financial decisions. In the present study, we examined the effects of aging on decisions in two domains of uncertainty:...
Persistent link: https://www.econbiz.de/10008753445