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This paper reports experimental evidence on behaviour in an Ultimatum Game where responders have low structural information and feedback so that they have to learn the nature of the game during repeated play. The results lend support to the view that certain learning conditions are less...
Persistent link: https://www.econbiz.de/10005125583
In economics, adjustment of behavior has traditionally been treated as a "black box." Recent approaches that focus on learning behavior try to model, test, and simulate specific adjustment mechanisms in specific environments (mostly in games). Results often critically depend on distinctive...
Persistent link: https://www.econbiz.de/10005135048
The results of Ultimatum Game experiments are often quoted as evidence for the role of fairness in bargaining or in … experiment shows that average behaviour is more competitive and conflict rates are higher when subjects play against the same … of pairs of players shows that different types of players coexist in the subject pool. Whereas previous experiments found …
Persistent link: https://www.econbiz.de/10005408237
critically compares theory with aspects of learning in real-life and with evidence from laboratory experiments, and argues that …
Persistent link: https://www.econbiz.de/10005413284
The variety-seeking behavior and the brand choice among the consumers have been discussed extensively in the previous research contributions from the stochastic point of view. This study argues that although consumers are seeking novelty and unexpectedness in a brand that they have not bought...
Persistent link: https://www.econbiz.de/10005561847
. Using data from a quasi- experiment in South Africa, I test for discrimination against women and non-whites. The preliminary …
Persistent link: https://www.econbiz.de/10005076553
situations. We report the results of an experiment, which compares the standard first-price and English formats with two premium …
Persistent link: https://www.econbiz.de/10005077067
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