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agents are farsighted, related stability concepts have been proposed. We design a simple network formation experiment to test …
Persistent link: https://www.econbiz.de/10009131101
We present a simple procedure that selects the strategies most likely to be played by inexperienced agents who interact in one shot 2x2 matching pennies games. As a first step we axiomatically describe players’ beliefs. We find the minimax regret criterion to be the simplest functional form...
Persistent link: https://www.econbiz.de/10005385407
laboratory experiment. I find strong support for both the information and cognitive overload arguments. The effects do not …
Persistent link: https://www.econbiz.de/10005385513
Substantial evidence has accumulated in recent empirical works on the limited ability of the Nash equilibrium to rationalize observed behavior in many classes of games played by experimental subjects. This realization has led to several attempts aimed at finding tractable equilibrium concepts...
Persistent link: https://www.econbiz.de/10005008036
School of Economics, University of Nottingham, University Park Campus and Department of Economics (AE1), Maastricht University
Persistent link: https://www.econbiz.de/10010552188
We study extrapolation between games in a laboratory experiment. Participants in our experiment first play either the … dominance solvable guessing game or a Coordination version of the guessing game for five rounds. Afterwards they play a 3x3 … dominated strategies (IEDS), a pure Coordination game or a Coordination game with pareto ranked equilibria. We find strong …
Persistent link: https://www.econbiz.de/10008828406
We study (anti-) coordination problems in networks in a laboratory experiment. Partici- pants interact with their … neighbours in a fixed network to play a bilateral (anti-) coordination game. Our main treatment variable is the extent to which … of successful coordination. In addition, even though there is a multiplicity of Nash equilibria theoretically, a very …
Persistent link: https://www.econbiz.de/10008467327
All advanced industrialized societies face the problem of air pollution produced by motor vehicles. In spite of striking improvements in internal combustion engine technology, air pollution in most urban areas is still measured at levels determined to be harmful to human health. Throughout the...
Persistent link: https://www.econbiz.de/10005423092
Economic globalization affects the environment and sustainable development in several ways and through various channels. The purpose of this paper is to review the key links between globalization and the environment. The paper intends to consider the major issues in multilateral economic...
Persistent link: https://www.econbiz.de/10005423127
Geological carbon sequestration seems one of the promising options to address, in the near term, the global problem of climate change, since carbon sequestration technologies are in principle available today and their costs are expected to be affordable. Whereas extensive technological and...
Persistent link: https://www.econbiz.de/10005423132