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Do Wealth Differences Affect Fairness Considerations?
Armantier, Olivier - Centre Interuniversitaire de Recherche en Analyse des … - 2006
The influence of relative wealth on fairness considerations is analyzed in an ultimatum game experiment in which … participants receive large and widely unequal initial endowments. Subjects initially demonstrate a concern for fairness. With time … however, behavior becomes at odds with both subgame perfection and fairness. Evidence of learning is detected for both …
Persistent link: https://www.econbiz.de/10005100867
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Conventions and Local Interaction Structures: Experimental Evidence
Berninghaus, Siegfried K.; Ehrhart, Karl-Martin; Keser, … - Centre Interuniversitaire de Recherche en Analyse des … - 2000
We present a set of experimental coordination games with a payoff-dominant and a risk-dominant Nash equilibrium. We examine how much local interaction structures affect players' strategy choices. Our three major observations are the following: First, local interaction with open neighborhoods...
Persistent link: https://www.econbiz.de/10005100934
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Voluntary Teaming and Effort
Keser, Claudia; Montmarquette, Claude - Centre Interuniversitaire de Recherche en Analyse des … - 2004
In a series of experimental effort games each of two players may choose between remuneration based on either private or team effort. Although at least one of the players has the subgame perfect equilibrium strategy to choose remuneration based on private effort, we frequently observe team...
Persistent link: https://www.econbiz.de/10005101072
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Why Do Experimental Subjects Choose an Equilibrium which Is Neither Payoff Nor Risk Dominant?
Keser, Claudia; Vogt, Bodo - Centre Interuniversitaire de Recherche en Analyse des … - 2000
In an experimental 2x2 coordination game with two strict equilibria we observe that, in contrast to equilibrium selection theory (Harsanyi and Selten 1988), only half of the subjects choose the strategy that relates to the payoff- and risk-dominant equilibrium. We propose modified risk dominance...
Persistent link: https://www.econbiz.de/10005101115
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An Experimental Study of a Common Property Renewable Resource Game in Continuous Time
Tasneem, Dina; Engle-Warnick, Jim; Benchekroun, Hassan - Centre Interuniversitaire de Recherche en Analyse des … - 2014
We experimentally study behavior in a common property renewable resource extraction game with multiple equilibria. In the experiment, pairs of subjects competitively extract and consume a renewable resource in continuous time. We find that play evolves over time into multiple steady states, with...
Persistent link: https://www.econbiz.de/10011183778
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Global Security Policies Against Terrorism and the Free Riding Problem: An Experimental Approach
Colombier, Nathalie; Masclet, David; Mirza, Daniel; … - Centre Interuniversitaire de Recherche en Analyse des … - 2009
The World Trade Center attack has shed light on the urgent need to implement preventing measures against terrorism and to enhance cooperation in the global security system for all countries. However, international coordination cannot be taken for granted. It is often ineffective and likely to...
Persistent link: https://www.econbiz.de/10008559320
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Competitive Insurance Markets and Adverse Selection in the Lab
Riahi, Dorra; Lévy-Garboua, Louis; Montmarquette, Claude - Centre Interuniversitaire de Recherche en Analyse des … - 2010
We provide an experimental analysis of competitive insurance markets with adverse selection. Our parameterized version of the lemons' model (Akerlof 1970) in the insurance context predicts total crowding out of low-risks when insurers offer a single full insurance contract. The therapy proposed...
Persistent link: https://www.econbiz.de/10008560183
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Learning-by-Doing in an Ambiguous Environment
Engle-Warnick, Jim; Laszlo, Sonia - Centre Interuniversitaire de Recherche en Analyse des … - 2006
We experimentally test whether risk aversion or ambiguity aversion can explain decisions in a learning-by-doing game. We first measure subjects' preferences toward risk and ambiguity, and then use these measures to predict behavior in the game. We find that ambiguity averse subjects pay more...
Persistent link: https://www.econbiz.de/10005100515
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Can Corruption Be Studied in the Lab? Comparing a Field and a Lab Experiment
Armantier, Olivier; Boly, Amadou - Centre Interuniversitaire de Recherche en Analyse des … - 2008
This paper makes an attempt at testing the external validity of corruption experiments by moving from the lab in a developed country, to where it matters the most, the field in a developing country. In our experiment a candidate proposes a bribe to a grader in order to obtain a better grade. We...
Persistent link: https://www.econbiz.de/10005100538
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Aspiration Levels and Educational Choices<br>An experimental study
Page, Lionel; Lévy-Garboua, Louis; Montmarquette, Claude - Centre Interuniversitaire de Recherche en Analyse des … - 2006
The explanation of social inequalities in education is still a debated issue in economics. Recent empirical studies tend to downplay the potential role of credit constraint. This article tests a different potential explanation of social inequalities in education, specifically that social...
Persistent link: https://www.econbiz.de/10005100555