We explore the scientific potential of virtual worlds for experimental economists. In particular, we report the results of a series of virtual world experiments designed to examine the suitability of (a) users as subjects and (b) the computer interface as an experimental platform. Formal results...

The concept of culture is traditionally the home turf of anthropologists. However, economists have become increasingly interested in culture, using the language of culture to study both macro- and micro-level economic phenomena. Anthropologists view this as an encroachment into their territory...

Measurement activities are central to virtually all technical activities including engineering, construction and scientific research. In addition, the standardisation of measurement can generate considerable economies in production and exchange interactions between economic agents. This paper...

Robert Axelrod's seminal round-robin computer tournaments for the repeated prisoner's dilemma have been hailed as the explanation of the evolution of cooperation. In this paper, Axelrod's results are systematically re-examined in the light of new insights about computer simulations. In...

We analyse the possibility of successful industry self-regulation in terms of the strategic interactions between industry members and government. In particular, this paper presents a game-theoretic typology of generic self-regulatory scenarios and evaluates these in terms of the resulting...

The processes by which culture influences economic variables need to be exposed in order for the concept to be a useful tool for prediction and policy formulation. We investigate the attitudes and experimental behaviour of Malaysian and UK subjects to shed light on the nature of culture and the...

Economic, political and social globalisation entails increasing interaction between individuals of different cultures. While experimental economists have established differences between the behaviour within different cultures, the effect of cultural difference on cross-culture interactions has...

This paper explores a model of bounded rationality in evolutionary game play in which agent choice is based on a social psychological process of categorization and social inference. The computer simulation of the model demonstrates that agents' increasing ability to categorize opponents in the...

This paper presents experimental evidence demonstrating that agents' knowledge of strategy alternatives in pure coordination games is inversely correlated with decision-making efficacy. Alternative theoretical accounts of players' choice processes in coordination games are considered to shed...

We report on ultimatum game experiments conducted with same-age as well as mixed-age groups of Asian adolescents and adults. The findings indicate that compared with adults, adolescents make significantly larger offers to adult responders and are less likely to reject. Chinese subjects are found...