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In experimental studies pairs that repeatedly play the simple coordination game mutual fate control may regularly fail to coordinate when they are given little in-formation, i.e. when subjects are uninformed about the payoff matrix and feed-back is limited to their own payoff. Our experimental...
Persistent link: https://www.econbiz.de/10005550889
We perform a further experiment to check the robustness of the main result in Rey Biel (2005) to sequential play. We …
Persistent link: https://www.econbiz.de/10005556675
Recently, the theory of informational cascades has been tested in an experiment by Anderson and Holt (1997) who report … that their data support the theory amazingly well. In this note we report on an experiment designed to find out whether …
Persistent link: https://www.econbiz.de/10005556678
this effect using laboratory experiments. Participants propose and vote on how to divide a budget according to weighted … majority voting rules, and we measure the voting power of a player by his average payoff in the experiment. By comparing voting …
Persistent link: https://www.econbiz.de/10005556685
. A number of recent experiments from my lab have demonstrated that the neuroactive hormone oxytocin facilitates trust … facilitated by oxytocin. My experiments show that positive social signals cause oxytocin to be released by the brain, producing an …
Persistent link: https://www.econbiz.de/10005556689
We theoretically and empirically compare sequential with simultaneous voting elections and the impact of the representativeness of early voters in sequential voting on the electoral outcome when voters have asymmetric information about the candidates. We use a simple three- candidate model where...
Persistent link: https://www.econbiz.de/10005560991
Models of herd behaviour and informational cascades were theoretically developed in 1992 respectively by Banerjee (A simple model of herd behavior) and Bikhchandani, Hirshleifer and Welch (A Theory of Fads, Fashion, Custom and Cultural Change as Informational Cascades). Both articles pointed out...
Persistent link: https://www.econbiz.de/10005124961
In a laboratory experiment, subjects played ten two-person 3x3 constant sum games and stated beliefs about the …
Persistent link: https://www.econbiz.de/10005125558
We design a novel sequential public goods experiment to study reciprocity, or conditional cooperation. In contrast to … their own contributions on the contributions of other subjects in the experiment. We develop a simple but useful behavioral …’ types are persistent over an experiment; and (2) the types of subjects included in a group affects a group’s ability to …
Persistent link: https://www.econbiz.de/10005125562
. In a laboratory experiment we test the different theories by systematically varying information conditions. We find that …
Persistent link: https://www.econbiz.de/10005125578