Showing 1 - 10 of 8,898
to more or less bluffing and varying aggression compared to Perfect Bayesian Equilibrium. Our experiment varies game …
Persistent link: https://www.econbiz.de/10015195038
We report experimental results for a twice-played prisoners' dilemma in which the players can choose the allocation of the stakes across the two periods. Our point of departure is the assumption that some (but not all) people are principled to "do the right thing," or cooperate, as long as their...
Persistent link: https://www.econbiz.de/10012456738
against policies that impose direct costs even if they induce larger indirect benefits. Using a lab experiment, we find that a …
Persistent link: https://www.econbiz.de/10012455764
This paper demonstrates gender differences in risk aversion and ambiguity aversion. It also contributes to a growing literature relating economic preference parameters to psychological measures by asking whether variations in preference parameters among persons, and in particular across genders,...
Persistent link: https://www.econbiz.de/10012463934
increases. The experiment also points to new avenues for refining the theory. We find that, as the payoff of a successful …We conducted a laboratory experiment to test the comparative statics predictions of a new approach to collective action …
Persistent link: https://www.econbiz.de/10012457730
Previous findings on punishment have focused on environments in which the outcomes are known with certainty. In this paper, we conduct experiments to investigate how punishment affects cooperation in a two-person stochastic prisoner's dilemma environment where each person can decide whether or...
Persistent link: https://www.econbiz.de/10012460202
This paper examines experiments on interdependent security prisoner's dilemma games with repeated play. By utilizing a Bayesian hierarchical model, we examine how subjects make investment decisions as a function of their previous experience and their treatment condition. Our main findings are...
Persistent link: https://www.econbiz.de/10012465365
experiment in the laboratory, the cost to gather the data would be well over $350,000. The data reveal several interesting …
Persistent link: https://www.econbiz.de/10012466571
Studies of risk preference have empirically established two regularities that are inconsistent with the canonical expected utility model: (1) risk aversion over small gambles greatly exceeds risk aversion over larger stakes and (2) insurance buyers play the lottery. This paper characterizes risk...
Persistent link: https://www.econbiz.de/10012468483
beyond those of expected utility theory. It is shown that the curvature of the utility function is directly related to the …
Persistent link: https://www.econbiz.de/10012468704