Showing 1 - 3 of 3
We study the impact of advice or observation on the depth of reasoning in an experimental beauty-contest game. Both sources of information trigger faster convergence to the equilibrium. Yet, we find that subjects who receive naïve advice outperform uninformed subjects permanently, whereas...
Persistent link: https://www.econbiz.de/10005144513
While most papers on team decision-making find teams to behave more selfish, less trusting and less altruistic than individuals, Cason and Mui (1997) report that teams are more altruistic than individuals in a dictator game. Using a within-subjects design we re-examine group polarization by...
Persistent link: https://www.econbiz.de/10005137046
This paper experimentally investigates whether agents behave differently if their own earnings are at stake (effort experiment) or a budget that is provided to them like a sort of manna from heaven (no-effort experiment) . We use the so-called power-to-take game, employed by Bosman & Van Winden...
Persistent link: https://www.econbiz.de/10005281996