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McCabe, Kevin; Rigdon, Mary; Smith, Vernon - EconWPA - 2004

It is well-known in evolutionary game theory that population clustering in Prisoner Dilemma games allows some cooperative strategies to invade populations of stable defecting strategies. We adapt this idea of population clustering to a two-person trust game. Players are typed based on their...

Persistent link: https://www.econbiz.de/10005125594

The Effect of an Additional Alternative on Measured Risk Preferences in a Field Experiment

Engle-Warnick, Jim; Escobal, Javier; Laszlo, Sonia - EconWPA - 2005

We experimentally test for the effect of an additional alternative on the measured risk preferences of farmers in rural Peru. In our experiment, subjects revealed their risk preferences with a series of choices between two gambles. We added a third gamble, which was always dominated by one of...

Persistent link: https://www.econbiz.de/10005125586

The Costs of Deception: Evidence From Psychology

Ortmann, Andreas; Hertwig, Ralph - EconWPA - 2002

Recently, it has been argued that the evidence in social science research suggests that deceiving subjects in an experiment does not lead to a significant loss of experimental control. Based on this assessment, experimental economists were counseled to lift their de facto prohibition against...

Persistent link: https://www.econbiz.de/10005407572

Negative Reciprocity: The Coevolution of Memes and Genes

Friedman, Daniel; Singh, Nirvikar - EconWPA - 2004

A preference for negative reciprocity is an important part of the human emotional repertoire. We model its role in … sustaining cooperative behavior but highlight an intrinsic free-rider problem: the fitness benefits of negative reciprocity are … reciprocity is a meme consisting of a group norm together with low-powered (and low-cost) group enforcement of the norm. The main …

Persistent link: https://www.econbiz.de/10005550868

Price Formation in Double Auctions

Gjerstad, Steven; Dickhaut, John - EconWPA - 2003

We develop a model of information processing and strategy choice for participants in a double auction. Sellers in this model form beliefs that an offer will be accepted by some buyer. Similarly, buyers form beliefs that a bid will be accepted. These beliefs are formed on the basis of observed...

Persistent link: https://www.econbiz.de/10005561817

Toward a Cognitive Experimental Economics

Novarese, Marco - EconWPA - 2002

This paper aims to analyze and exemplify some methodological implications on the way to conduct experiments related to the adoption of a cognitive approach in Economics. Many differences arise in relation to a more traditional way. In fact cognitive economics has strong descriptive attention and...

Persistent link: https://www.econbiz.de/10005125579

Giving Gossips Their Due: Information Provision in Games with Private Monitoring

Gazzale, Robert - EconWPA - 2005

The ability of a long-lived seller to maintain and profit from a good reputation may induce her to provide high quality or effort despite short-run incentives to the contrary. This incentive remains in place with private monitoring, provided that buyers share their information. However, this...

Persistent link: https://www.econbiz.de/10005118597

What Price Fairness? A Bargaining Study

Zwick, Rami; Chen, Xiao-Ping - EconWPA - 1999

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

Equilibrium Play and Best Response in Sequential Constant Sum Games

Biel, Pedro Rey - EconWPA - 2005

We perform a further experiment to check the robustness of the main result in Rey Biel (2005) to sequential play. We find that Equilibrium predictions work even better when the same games are played sequentially: 85% of first movers choose the Equilibrium strategy and 85% of second movers best...

Persistent link: https://www.econbiz.de/10005556675

Bargaining and Search: An Experimental Study

Zwick, Rami; Lee, Ching Chyi - EconWPA - 1999

We study experimentally two versions of a model in which a buyer and a seller bargain over the price of a good; however, the buyer can choose to leave the negotiation table to search for other alternatives. Under one version, if the buyer chooses to search for a better price, the opportunity to...

Persistent link: https://www.econbiz.de/10005556687

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