Showing 1 - 10 of 211
Equivalence classes of normal form games are defined using the discontinuities of correspondences of standard equilibrium concepts like correlated, Nash, and robust equilibrium, or risk dominance and rationalizability. Resulting equivalence classes are fully characterized and compared across...
Persistent link: https://www.econbiz.de/10010547401
neglects the effects of failed collusion attempts. In such contingencies, information revealed in the negotiation process is … likely to affect the bidding behavior in firstprice (but not second-price) auctions. We test experimentally a setup in which … collusion is possible, but negotiations often break down and information is revealed in an asymmetric way. The existing …
Persistent link: https://www.econbiz.de/10011106492
In contrast to the simplifying assumption of selfishness, social incentives have been shown to play a role in economic interactions. Before incorporating social incentives into models and policies, however, one needs to know their efficiency relative to standard pay-for-performance incentives....
Persistent link: https://www.econbiz.de/10010851328
We compare behavior in modified dictator games with and without role uncertainty. Subjects choose between a selfish action, a costly surplus creating action (altruistic behavior) and a costly surplus destroying action (spiteful behavior). While costly surplus creating actions are most frequent...
Persistent link: https://www.econbiz.de/10010851352
signalling game and test it experimentally. If we have participants play the naked game, at least a minority plays the game …
Persistent link: https://www.econbiz.de/10009226923
redistribution policies and their beliefs over the causes of poverty. By varying the information about the determinants of income, we …
Persistent link: https://www.econbiz.de/10010547117
We report experimental results on a series of ten one-shot two-person 3x3 normal form games with unique equilibrium in pure strategies played by non-economists. In contrast to previous experiments in which game theory predictions fail dramatically, a majority of actions taken coincided with the...
Persistent link: https://www.econbiz.de/10010547146
We study how gender differences in performance under competition are affected by the provision of information regarding … reinforced when explicitly mentioning gender in tasks in which women already consider they are inferior. Omitting information …
Persistent link: https://www.econbiz.de/10010547208
experimental results to test the practical tractability and effectiveness of the multibidding mechanisms in environments where … agents hold private information concerning their valuation of the projects. The mechanism performed quite well in the …
Persistent link: https://www.econbiz.de/10010547209
This paper uses subjects self-reported justifications to explain discrepancies between observed heterogeneous behavior and the unique equilibrium prediction in a one-shot travelers dilemma experiment (TD). Principal components (PC) analysis suggests that iterative reasoning, aspiration levels,...
Persistent link: https://www.econbiz.de/10010547217