Showing 1 - 10 of 60
The paper presents a new meta data set covering 13 experiments on the social learning games by Bikhchandani … their own information. The answer is 53% on average across all experiments –only slightly more than what they would earn by …
Persistent link: https://www.econbiz.de/10011071475
This paper considers the effect of status or relative income on work effort, combining experimental evidence from a gift-exchange game with the analysis of multi-country ISSP survey data. We find a consistent negative effect of others’ incomes on individual effort in both datasets. The...
Persistent link: https://www.econbiz.de/10010746495
We analyze a class of sender-receiver games with quadratic payoffs, which includes the communication games in Alonso, Dessein and Matouschek (2008) and Rantakari (2008) as special cases, for which the receiver's maximum expected payoff when players have access to arbitrary, mediated...
Persistent link: https://www.econbiz.de/10011126096
I present a model of social learning over an exogenous, directed network that may be readily nested within broader macroeconomic models with dispersed information and combines the attributes that agents (a) act repeatedly and simultaneously; (b) are Bayes-rational; and (c) have strategic...
Persistent link: https://www.econbiz.de/10011126293
This paper presents a pairwise matching model with two-sided information asymmetry to analyse the impact of information costs on endogenous network building and matching by information intermediaries. The framework innovates by examining the role of information costs on incentives for trade...
Persistent link: https://www.econbiz.de/10010745054
A two-sided, pair-wise matching model is developed to analyse the strategic interaction between two information intermediaries who compete in commission rates and network size, giving rise to a fragmented duopoly market structure. The model suggests that network competition between information...
Persistent link: https://www.econbiz.de/10010746133
financial contracts. I then test the predictions of this theory using a series of experiments with clients of a large … microfinance institution in India. The experiments confirm the theoretical predictions that joint liability creates two …
Persistent link: https://www.econbiz.de/10010746368
financial contracts. I then test the predictions of this theory using a series of experiments with clients of a large … microfinance institution in India. The experiments confirm the theoretical predictions that joint liability creates two potential …
Persistent link: https://www.econbiz.de/10011125976
We look at the links between the Digit Ratio - the ratio of the length of the index finger to the length of the ring finger – for both right and left hands, and giving in a Dictator Game. Unlike previous studies with exclusively Caucasian subjects, we recruited a large, ethnically diverse...
Persistent link: https://www.econbiz.de/10011171763
This paper compares the leader and follower payoff in a duopoly game, as they arise in sequential play, with the Nash payoff in simultaneous play. If the game is symmetric, has a unique symmetric Nash equilibrium, and players' payoffs are monotonic in the opponent's choice along their own best...
Persistent link: https://www.econbiz.de/10010744848