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We conduct experiments of a cheap-talk game with incomplete information in which one sender type has an incentive to … misrepresent her type. Although that Sender type mostly lies in the experiments, the Receiver tends to believe the Sender …
Persistent link: https://www.econbiz.de/10005556670
This paper demonstrates theoretically and experimentally that in first price auctions, overbidding with respect to risk …
Persistent link: https://www.econbiz.de/10005125601
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
Generally, with a standard linear public goods game, one observes at the aggregate level that contributions lay between the Nash equilibrium and the social optimum and decrease over time with an end-effect.Our purpose is to see whether these general aggregate results remain available at the...
Persistent link: https://www.econbiz.de/10005408225
In the 40’s and early 50’ two decision theories were proposed and have since dominated the scene of the fascinating field of decision-making. In 1944 – when von Neumann and Morgenstern showed that if preferences are consistent with a set of axioms then it is possible to represent these...
Persistent link: https://www.econbiz.de/10005408229
Experimental studies of bargaining generally impose time preferences' on subjects, in the sense that in case of disagreement, the experimenter reduces the size of the surplus bargained over by imposing exogenously some monetary cost. Contrary to this practice, in this study time preferences are...
Persistent link: https://www.econbiz.de/10005408236
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
. 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
the auction format as revenue equivalence cannot be expected to hold. From a theoretical viewpoint, Myerson's (1981 … more practical solution to the seller's problem is suggested by the "Amsterdam auction," where a premium is offered to … encourage weak bidders to compete aggressively. This auction format, which has been used to sell houses in Amsterdam for …
Persistent link: https://www.econbiz.de/10005077067