Showing 1 - 10 of 343
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
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
Reinforcement learning has proved quite successful in predicting subjects' adjustment behaviour in repeatedly played simple games. However, reinforcement learning does not predict convergence to the efficient cell in the minimal information game of mutual fate control, while earlier...
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
In experimental studies pairs that repeatedly play the simple coordination game mutual fate control may regularly fail …
Persistent link: https://www.econbiz.de/10005550889
The results of Ultimatum Game experiments are often quoted as evidence for the role of fairness in bargaining or in economic behaviour more generally. This paper argues that the observed fairness levels are contingent on the traditional experimental design where players are newly matched each...
Persistent link: https://www.econbiz.de/10005408237
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
Our study concerns bargaining behavior in situations where one party is in a stronger position than the other. We investigate both the tradeoff the favored party makes between pursuing his strategic advantage and giving weight to other players' concern for fairness, and the tradeoff the...
Persistent link: https://www.econbiz.de/10005556668