Showing 1 - 10 of 166
common prior is induced, while for other distributions behavior is similar under both regimes. We also present a learning … show that this learning model accurately accounts for all main features of the data. …
Persistent link: https://www.econbiz.de/10011091889
We compare communication about private information to communication about actions in a one- shot 2-person public good game with private information. The informed player, who knows the exact return from contributing and whose contribution is unobserved, can send a message about the return or her...
Persistent link: https://www.econbiz.de/10011091836
costless message (words). Words can be about the return or about her contribution decision. Theoretically, actions lead to …
Persistent link: https://www.econbiz.de/10011092715
Abstract: This paper models expectation formation by taking into account that agents produce heterogeneous expectations due to model uncertainty, informational frictions and different capacities for processing information. We show that there are two general classes of steady states within this...
Persistent link: https://www.econbiz.de/10011092167
When truth conflicts with efficiency, can verbal communication destroy efficiency? Or are lies or vagueness used to hide inconvenient truths? We consider a sequential 2-player public good game in which the leader has private information about the value of the public good. This value can be low,...
Persistent link: https://www.econbiz.de/10011091313
Persistent link: https://www.econbiz.de/10011090424
Why do fundraisers announce initial contributions to their charity?Potential explanations are that these announcements cause future donors to increase their contributions, either because they want to reciprocate the generosity of earlier donors, or because the initial contributions are seen as a...
Persistent link: https://www.econbiz.de/10011091127
Using the strategy method (Selten 1967) we elicit subjects' strategies for playing any 2-person 3x3-game with integer payoffs between 0 and 99.In each of 5 tournaments, every strategy pair plays 500000 games.The frequency of pure strategy equilibrium play increases from 51% in the first to 74%...
Persistent link: https://www.econbiz.de/10011091650
Numerous laboratory experiments show that workers reciprocate to high wages with high effort, when there is perfect … information on the surplus created. Recent field experiments, however, suggest that trust and reciprocity may be lower or absent … when the information is incomplete.We report a laboratory experiment with symmetric and asymmetric incomplete surplus …
Persistent link: https://www.econbiz.de/10011091919
We report an experiment on two treatments of an ultimatum minigame.In one treatment, responders' reactions are hidden …
Persistent link: https://www.econbiz.de/10011092134