Showing 1 - 10 of 54
's predictions with an experiment. We administer different treatments that vary beliefs over payoffs and opponents, as well as … beliefs over opponents' beliefs. The results of this experiment, which are not accounted for by current models of reasoning in …
Persistent link: https://www.econbiz.de/10010851323
We study the effectiveness of leaders for inducing coordinated organizational change to a more efficient equilibrium, i.e., a turnaround. We compare communication from leaders to incentive increases and also compare the effectiveness of randomly selected and elected leaders. While all...
Persistent link: https://www.econbiz.de/10010851357
Minority reserves are an affirmative action policy proposed by Hafalir et al. (2013) in the context of school choice. We study in the laboratory the effect of minority reserves on the outcomes of two prominent matching mechanisms, the Gale-Shapley and the Top Trading Cycles mechanisms. Our first...
Persistent link: https://www.econbiz.de/10010950612
We extend Aumann's theorem [Aumann 1987], deriving correlated equilibria as a consequence of common priors and common knowledge of rationality, by explicitly allowing for non-rational behavior. We replace the assumption of common knowledge of rationality with a substantially weaker one, joint...
Persistent link: https://www.econbiz.de/10010851330
The literature on school choice assumes that families can submit a preference list over all the schools they want to be assigned to. However, in many real-life instances families are only allowed to submit a list containing a limited number of schools. Subjects incentives are drastically...
Persistent link: https://www.econbiz.de/10010547189
Affirmative-action policies bias tournament rules in order to provide equal opportunities to a group of competitors who have a disadvantage they cannot be held responsible for. Critics argue that they distort incentives, resulting in lower individual performance, and that the selected pool of...
Persistent link: https://www.econbiz.de/10010547484
Scheduling jobs of decentralized decision makers that are in competition will usually lead to cost inefficiencies. This cost inefficiency is studied using the Price of Anarchy (PoA), i.e., the ratio between the worst Nash equilibrium cost and the cost attained at the centralized optimum. First,...
Persistent link: https://www.econbiz.de/10010851455
We conduct a laboratory experiment to study how, after a history of decay, cooperation in a repeated voluntary …
Persistent link: https://www.econbiz.de/10011261233
experiment to study the conjecture that an environment with stronger punishment possibilities leads to higher material but lower …
Persistent link: https://www.econbiz.de/10010851350
bubble. The results of the experiment suggest that the company’s attempt to exchange its shares for government debt was the …
Persistent link: https://www.econbiz.de/10010851451