Showing 1 - 9 of 9
This paper considers the sealed bid and ascending auction, which both identifies the minimum Walrasian equilibrium prices and where truthful preference revelation constitutes an equilibrium. Even though these auction formats share many theortical properties, there are behavioral aspects that are...
Persistent link: https://www.econbiz.de/10009323347
It is well known that communication often serves as a facilitator for cooperation in static games. Yet, communication can serve entirely different purposes in dynamic settings as communication during the game may work as a means for renegotiation, potentially undermining the credibility of...
Persistent link: https://www.econbiz.de/10009323348
Recent experimental studies suggest that risk aversion is negatively related to cognitive ability. In this paper we … population for our experiment. By presenting subjects with choice tasks that vary the bias induced by random choices, we are able … to generate both negative and positive correlations between risk aversion and cognitive ability. Structural estimation …
Persistent link: https://www.econbiz.de/10010729196
coordinate with other teams. We present an experiment with 825 participants, using six different coordination games, where either …
Persistent link: https://www.econbiz.de/10005703430
We present an experiment on strategic thinking and behavior of individuals and teams in one-shot normal-form games …
Persistent link: https://www.econbiz.de/10008480923
We study risk taking on behalf of others, both with and without potential losses. A large-scale incentivized experiment … others are more risky. Using structural estimation, we show that this increase in risk stems from a decrease in loss aversion …
Persistent link: https://www.econbiz.de/10010818406
In this paper, we describe a series of laboratory experiments that implement specific examples of a more general …
Persistent link: https://www.econbiz.de/10011086477
We examine the strategic sophistication of adolescents, aged 10 to 17 years, in experimental normal-form games. Besides making choices, subjects have to state their first- and second-order beliefs. We find that choices are more often a best reply to beliefs if any player has a dominant strategy...
Persistent link: https://www.econbiz.de/10008466019
present a large-scale experiment with 883 children and adolescents, aged eight to seventeen years. Participants make decisions … and across gender. Our results show that when children and teenagers grow older, inequality aversion becomes a gradually …
Persistent link: https://www.econbiz.de/10008557230