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Reasoning and Institutions: Do Markets Facilitate LogicalReasoning in the Wason Selection Task?
Budescu, David V.; Maciejovsky, Boris - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2003
A vast literature shows that individuals frequently fail to identify the normative solutionsin logical reasoning tasks. Much attention has been devoted to the study ofthese deviations at the individual level; less effort was exerted to investigate whetherinstitutional settings might facilitate...
Persistent link: https://www.econbiz.de/10005866977
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On reciprocal Behavior in Prisoner Dilemma game
Doghmi, AMiloudi hmed; Kobihy, Miloudi - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009
In this paper, we introduce the concept of payoff distortion inthe standard prisoner’s dilemma game when strategies are driven by psychologicalbehaviors. This concept enables to take account each player’s assessmentof the other player’s behavior and the asymmetry of information....
Persistent link: https://www.econbiz.de/10009022176
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A Tool for Electronic Instructions in Laboratory Experiments
Schmelz, Katrin - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2011
E-nstructions facilitates the use of electronic instructions in computerized laboratory ex-periments in social sciences. In this article I provide a set of guidelines for the installationand the use of E-nstructions.
Persistent link: https://www.econbiz.de/10009248895
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Product Quality in Scientific Competition
Albert, Max - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2008
The paper presents a linear model of product quality in scientific competition.The only outputs of research are …
Persistent link: https://www.econbiz.de/10005866718
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Tournaments for the endogenous allocating of prizes within workteams - Theory and experimental evidence
Sutter, Matthias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2004
We present a model where compensation within a workteam is determinedendogenously by the use of a rank-order tournament. Team memberscompete in their efforts for the right to propose the distribution of a prizewithin the team. The implementation of a proposal requires the approvalof other team...
Persistent link: https://www.econbiz.de/10005866847
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Quantity Competition under Asymmetric Information withoutCommon Priors: An Indirect Evolutionary Approach
Güth, Werner; Llorente Erviti, Loreto; Ziegelmeyer, Anthony - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2004
The common prior assumption asserts that the beliefs of agents in different states of theworld are their posteriors based on a common prior and possibly some private signal. Commonpriors are pervasive in most economic models of incomplete information, oligopoly models withasymmetrically informed...
Persistent link: https://www.econbiz.de/10005866870
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Internal and external political competition
Hugh-Jones, David - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009
All rulers face political competition, both from rivals within their state, andfrom other states to which their … subjects may exit. In a simple model, both kinds of competitionare substitutes. Internal competition (democracy) benefits ….External competition forces rent-seeking rulers to invest so as to prevent migration.[...] …
Persistent link: https://www.econbiz.de/10009022178
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Negative and Positive Effects of Competition in aPreemption Game
Suzuki, Toru - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2010
¢ ciency undermild competition. The e¤ect of competition on the equilibrium strategy is di¤erentdepending on which class of … thatthe e¤ect of competition on e¢ ciency is di¤erent between the common value and theprivate value setting. Strong … competition leads to the least e¢ cient equilibrium forthe common value setting but e¢ ciency can be improved by competition in …
Persistent link: https://www.econbiz.de/10009248916
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Competitive Problem Solving and the Optimal PrizeSchemes
Suzuki, Toru - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2008
Agents compete to solve a problem. Each agent knows own computational capacityas private information and simultaneously chooses either a risky or a safe problemsolving method. This paper analyzes the optimal prize schemes from the perspectiveof the prize designer who wishes to …nd a solution as...
Persistent link: https://www.econbiz.de/10009248918
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Voluntary contributions with risky and uncertain marginalreturns: the importance of the minimal value
Levati, Maria Vittoria; Morone, Andrea - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009
Previous research indicates that risky and uncertain marginal returnsfrom the public good significantly lower contributions. This paper presentsexperimental results illustrating that the effects of risk and uncertainty dependon the employed parameterization. Specifically, if the value of the...
Persistent link: https://www.econbiz.de/10005866390