Showing 1 - 10 of 350
We conduct experiments of a cheap-talk game with incomplete information in which one sender type has an incentive to …'s messages. This confirms ``truth bias'' reported in communication theory in a one-shot, anonymous environment without nonverbal … under certain conditions. We claim that the theory for the evolution of language should address why truthful communication …
Persistent link: https://www.econbiz.de/10005556670
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
learning rule, a modification of win-stay lose-change, does predict convergence. We perform an experiment using modern economic …
Persistent link: https://www.econbiz.de/10005407543
We study experimentally a class of pure coordination games as a special case of the Consumer Choice of Prizes game … developed by Rapoport et al. (2000). We find a high level of group coordination coupled with considerable switching in the …
Persistent link: https://www.econbiz.de/10005408213
yields only a single prize. The results show a remarkable degree of tacit coordination that supports the equilibrium solution … under the assumption of common risk-aversion. However, this coordination is not achieved via individual level randomization …
Persistent link: https://www.econbiz.de/10005556674
In experimental studies pairs that repeatedly play the simple coordination game mutual fate control may regularly fail …
Persistent link: https://www.econbiz.de/10005550889
experiment shows that average behaviour is more competitive and conflict rates are higher when subjects play against the same …
Persistent link: https://www.econbiz.de/10005408237
and design an experiment in which subjects re-peatedly play 4 simple games within 4 sets of 40 rounds under little … information. This way we are able to investigate (i) the coordination abilities of the subjects depending on the underlying game …
Persistent link: https://www.econbiz.de/10005407575
This paper develops a model of pricing and advertising in a matching environment with capacity constrained sellers. Sellers' expenditure on directly informative advertising attracts consumers only probabilistically. Consumers who happen to observe advertisements randomize over the advertised...
Persistent link: https://www.econbiz.de/10005076903
We use an experiment to explore how subjects learn to play against computers which are programmed to follow one of a … and that all learning algorithms are subject to exploitation with the notable exception of imitation. The experiment was …
Persistent link: https://www.econbiz.de/10005407609