Showing 1 - 10 of 23
In this paper, we introduce two new learning models: impulse-matching learning and action-sampling learning. These two … models together with the models of self-tuning EWA and reinforcement learning are applied to 12 different 2 x 2 games and … are two-fold: while the simulations with impulse-matching and action-sampling learning successfully replicate the …
Persistent link: https://www.econbiz.de/10009418465
This paper experimentally investigates the nature of impulses in impulse learning. Particularly, we analyze whether …
Persistent link: https://www.econbiz.de/10010662708
We report the results of an experimental study that compares voting mechanisms in the provision of public goods. Subjects can freely decide how much they want to contribute. Whether the public good is finally provided is decided by a referendum under full information about all contributions. If...
Persistent link: https://www.econbiz.de/10005772776
We present the results of an experiment on learning with minimal information. Particularly, subjects are only provided …
Persistent link: https://www.econbiz.de/10005272709
From the perspective of competitors, competition may be modeled as a prisoner’s dilemma. Setting the monopoly price is cooperation, undercutting is defection. Jointly, competitors are better off if both are faithful to a cartel. Individually, profit is highest if only the competitor(s) is...
Persistent link: https://www.econbiz.de/10009021689
We study how cooperative behavior reacts to selective (favorable or unfavorable) pre-play information about the cooperativeness of other, unrelated groups within an experimental framework that is sufficiently rich for conflicting behavioral norms to emerge. We find that cooperation crucially...
Persistent link: https://www.econbiz.de/10009021692
controlled conditions, we have conducted a public goods experiment with central punishment. The authority is neutral – she does …
Persistent link: https://www.econbiz.de/10010731963
states and in British Columbia, Canada. We ran a laboratory experiment with a framing likened to German corporate law which … slightly inhibits it instead. Our experiment thus illustrates the paramount importance of taking into account both incentives …
Persistent link: https://www.econbiz.de/10010662709
According to Adam Smith (1790), human selfishness can be restrained by introspection. We test the effect of introspection on people’s willingness to cooperate in a public good game. Drawing on the concept of identity utility (George A. Akerlof and Rachel E. Kranton, 2000), we show...
Persistent link: https://www.econbiz.de/10011194285
We study the effect of voting when insiders’ public goods provision may affect passive outsiders. Without voting insiders’ contributions do not differ, regardless of whether outsiders are positively or negatively affected or even unaffected. Voting on the recommended contribution level...
Persistent link: https://www.econbiz.de/10011106491