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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
School of Economics, University of Nottingham, University Park Campus and Department of Economics (AE1), Maastricht University
Persistent link: https://www.econbiz.de/10010552188
Assume that players strictly rank each other as coalition partners. We propose a procedure whereby they “fall back” on … their preferences, yielding internally compatible, or coherent, majority coalition(s), which we call fallback coalitions. If … there is more than one fallback coalition, the players common to them, or kingmakers, determine which fallback coalition …
Persistent link: https://www.econbiz.de/10005008013
This paper reports results from a laboratory experiment on network formation among heterogeneous agents. The …
Persistent link: https://www.econbiz.de/10005423187
This paper studies the advantages that a coalition of agents obtains by forming a voting bloc to pool their votes and … rules that aggregate preferences within the coalition. …
Persistent link: https://www.econbiz.de/10005385504
We present experiments on repeated non-cooperative network formation games, based on Bala and Goyal (2000). We treat the one-way and the two-ways flow models, each for high and low link costs. The models show both multiple equilibria and coordination problems. We conduct experiments under...
Persistent link: https://www.econbiz.de/10005385417
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
We study (anti-) coordination problems in networks in a laboratory experiment. Partici- pants interact with their …
Persistent link: https://www.econbiz.de/10008467327
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