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Information and Beliefs in a Repeated Normal-Form Game
Fehr, Dietmar; Kübler, Dorothea; Danz, David N. - Institute for the Study of Labor (IZA) - 2008
We study beliefs and choices in a repeated normal-form game. In addition to a baseline treatment with common knowledge of the game structure and feedback about choices in the previous period, we run treatments (i) without feedback about previous play, (ii) with no information about the...
Persistent link: https://www.econbiz.de/10005822932
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It's all about Connections: Evidence on Network Formation
Falk, Armin; Kosfeld, Michael - Institute for the Study of Labor (IZA) - 2003
(strict) Nash networks in the 1-way flow model but a negative impact in the 2-way flow model. In our discussion on possible …
Persistent link: https://www.econbiz.de/10005761658
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How Transparency Kills Information Aggregation: Theory and Experiment
Fehrler, Sebastian; Hughes, Niall - Institute for the Study of Labor (IZA) - 2015
We investigate the potential of transparency to influence committee decision-making. We present a model in which career concerned committee members receive private information of different type-dependent accuracy, deliberate and vote. We study three levels of transparency under which career...
Persistent link: https://www.econbiz.de/10011273190
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Network Architecture and Mutual Monitoring in Public Goods Experiments
Carpenter, Jeffrey P.; Kariv, Shachar; Schotter, Andrew - Institute for the Study of Labor (IZA) - 2010
Recent experiments show that public goods can be provided at high levels when mutual monitoring and costly punishment … are allowed. All these experiments, however, study monitoring and punishment in a setting where all agents can monitor and … punish each other (i.e., in a complete network). The architecture of social networks becomes important when individuals can …
Persistent link: https://www.econbiz.de/10008693833
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Directed Generosity and Network Formation: Network Dimension Matters
D'Exelle, Ben; Riedl, Arno - Institute for the Study of Labor (IZA) - 2010
generosity with a sequence of dictator games conducted in the field. We find that networks of different dimensions differ … substantially in density, clustering, and centrality. When relating generosity to networks we observe that social distance only …
Persistent link: https://www.econbiz.de/10008765236
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Testing a Forgotten Aspect of Akerlof's Gift Exchange Hypothesis: Relational Contracts with Individual and Uniform Wages
Kocher, Martin G.; Luhan, Wolfgang J.; Sutter, Matthias - Institute for the Study of Labor (IZA) - 2012
Empirical work on Akerlof's theory of gift exchange in labor markets has concentrated on the fair wage-effort hypothesis. In fact, however, the theory also contains a social component that stipulates that homogenous agents that are employed for the same wage level will exert more effort,...
Persistent link: https://www.econbiz.de/10011279270
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Efficient Coordination in Weakest-Link Games
Riedl, Arno; Rohde, Ingrid M.T.; Strobel, Martin - Institute for the Study of Labor (IZA) - 2011
efficient outcomes, provided they have sufficient freedom to choose their interaction neighborhood. We conduct experiments with …
Persistent link: https://www.econbiz.de/10009403395
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Charity as a Signal of Trustworthiness
Fehrler, Sebastian - Institute for the Study of Labor (IZA) - 2010
Being perceived as trustworthy comes with substantial economic benefits in many situations. Making other people think you are a trustworthy person may, therefore, be an important motive for charity and other forms of prosocial behavior, provided these activities work as signals of...
Persistent link: https://www.econbiz.de/10008693831
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In Search of Stars: Network Formation among Heterogeneous Agents
Goeree, Jacob K.; Riedl, Arno; Ule, Aljaz - Institute for the Study of Labor (IZA) - 2005
-like structures in real-life social networks. …
Persistent link: https://www.econbiz.de/10005703123
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Do We Follow Others When We Should? A Simple Test of Rational Expectations
Weizsäcker, Georg - Institute for the Study of Labor (IZA) - 2008
The paper presents a new meta data set covering 13 experiments on the social learning games by Bikhchandani … contradict their own information. The answer is 53% on average across all experiments – only slightly more than what they would …
Persistent link: https://www.econbiz.de/10005703501