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We analyze the problem of coordinating upon asymmetric equilibria in a symmetric game, such as the battle-of-the-sexes. In repeated interaction, asymmetric coordination is possible possible via symmetric repeated game strategies. This requires that players randomize initially and adopt a...
Persistent link: https://www.econbiz.de/10005407601
Our study concerns bargaining behavior in situations where one party is in a stronger position than the other. We investigate both the tradeoff the favored party makes between pursuing his strategic advantage and giving weight to other players' concern for fairness, and the tradeoff the...
Persistent link: https://www.econbiz.de/10005556668
It is well-known in evolutionary game theory that population clustering in Prisoner Dilemma games allows some cooperative strategies to invade populations of stable defecting strategies. We adapt this idea of population clustering to a two-person trust game. Players are typed based on their...
Persistent link: https://www.econbiz.de/10005125594
view that certain learning conditions are less favourable in terms of individual outcomes than others as suggested by the … contingent learning approach (Slembeck, 1998). Furthermore, there is evidence that proposers behave "less fair" when responders …
Persistent link: https://www.econbiz.de/10005125583
The existence of social norms is one of the big unsolved problems in social cognitive science. Although no other concept is invoked more frequently in the social sciences, we still know little about how social norms are formed, the forces determining their content, and the cognitive and...
Persistent link: https://www.econbiz.de/10005076756
(paradoxically) crowds out efficient solutions to the agency problem. This paper explores, via a novel set of laboratory experiments …
Persistent link: https://www.econbiz.de/10005556679
We examine the characteristics and relative strength of third-party sanctions in a series of experiments. We … hypothesize that egalitarian distribution norms and cooperation norms apply in our experiments, and that third parties, whose …’’ third parties. In addition, these experiments suggest that thirdparty punishment games are powerful tools for studying the …
Persistent link: https://www.econbiz.de/10005125599
We study experimentally a class of pure coordination games as a special case of the Consumer Choice of Prizes game developed by Rapoport et al. (2000). We find a high level of group coordination coupled with considerable switching in the choice of locations. Two models are proposed and tested to...
Persistent link: https://www.econbiz.de/10005408213
We examine a simple bargaining setting, where heterogeneous buyers and sellers are repeatedly matched with each other. We begin by characterizing efficiency in such a dynamic setting, and discuss how it differs from efficiency in a centralized static setting. We then study the allocations which...
Persistent link: https://www.econbiz.de/10005062338
iteration of the same game along the lines suggested by anticipatory learning models. …
Persistent link: https://www.econbiz.de/10005556674