Showing 1 - 10 of 42
In a cascade experiment subjects are confronted with artificial predecessors prdecting in line with the BHW model …
Persistent link: https://www.econbiz.de/10005866980
We analyze the effects of asymmetric information concerning thesize of a pie on proposer behavior in three different bargaining situations:the ultimatum game, the Yes-No-game and the dictator game.Our data show that (a) irrespective of the information condition, proposergenerosity increases with...
Persistent link: https://www.econbiz.de/10005866401
We investigate experimentally whether entry costs have an impact on the evolutionof cooperation in a social dilemma game. In particular, subjects repeatedly playthe so-called takeover game with anonymous partners randomly drawn from a fixedpopulation of participants. The game represents a social...
Persistent link: https://www.econbiz.de/10005866640
absorptionand experimentally test the effects of informing none, some, or all playersabout how to derive equilibrium predictions. …
Persistent link: https://www.econbiz.de/10005866646
In the Yes/No game, like in the ultimatum game, proposer and respondercan share a monetary reward. In both games the proposer suggests a rewarddistribution which the responder can accept or reject (yielding 0-payoffs). Thegames only differ in that the responder does (not) learn the suggested...
Persistent link: https://www.econbiz.de/10005866695
We analyze the effects of introducing asymmetric information andexpectations in the investment game (Berg et al., 1995 …). In our experiment,only the trustee knows the size of the surplus. Subjects’expectations about each other’s behavior are …
Persistent link: https://www.econbiz.de/10005866876
Are commonly known beliefs essential for bidding behavior in asymmetric auctions? Our experimental results suggest that not informing participants how values are randomly generated does not change behavior much and may even make it appear more rational.
Persistent link: https://www.econbiz.de/10005867012
This paper examines the occurrence and fragility of information cascades in laboratory experiments.One group of low informed subjects make predictions in sequence. In a matchedpairs design, another set of high informed subjects observe the decisions of the first group andmake predictions....
Persistent link: https://www.econbiz.de/10005866431
experiment provides agood environment to assess the usefulness of this method to estimate transactioncosts. …
Persistent link: https://www.econbiz.de/10005866435
We examine the explanatory power of cascade models by implementing the BDM-mechanism in a simple cascade experiment in … prediction game are used as indicators of subjective probabilities. We are thus able to test the explanatory power of thze …
Persistent link: https://www.econbiz.de/10005866982