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multi-player coordination game with conflicting preferences. Network structure matters but the interaction between network …We study experimentally how the network structure and length of pre-play communication affect behavior and outcome in a … coordination and distribution of coordinated outcomes across networks. But increasing the communication length improves both …
Persistent link: https://www.econbiz.de/10008587475
A new mechanism that substantially mitigates social dilemmas is examined theoretically and experimentally. It resembles the voluntary contribution mechanism (VCM) except that in each decision round subjects are ranked and then grouped according to their public contribution. The game has multiple...
Persistent link: https://www.econbiz.de/10005621227
This paper revisited Gregory Bateson’s theory of hierarchical learning through an experiment testing the existence of … first part of the experiment is seen as a kind of training period. The different treatments of the coordination game are, in … context effect and learning spill-over in two following games: a coordination game and a two-step battle-of-the sexes. The …
Persistent link: https://www.econbiz.de/10008784631
Arbeitsproduktivität, führt jedoch gleichzeitig zu einer Zunahme der Anstrengung, welche für die Koordination einer vermehrt …
Persistent link: https://www.econbiz.de/10008520706
equilibrium in repeated strategic interactions. We study behavior in a p-beauty contest experiment and find striking differences … translates into better analytic reasoning and a better ‘theory of mind’ …
Persistent link: https://www.econbiz.de/10011259076
We study an example of infinitely repeated games in which symmetric duopolistic firms produce experience goods. After consuming the products, short-run consumers only observe imperfect public information about product quality. We characterize perfect public equilibrium payoff set E(δ) of firms...
Persistent link: https://www.econbiz.de/10011260559
In a model of repeated games, we determine the conditions under which cooperation is an equilibrium outcome among the G-20 countries. We consider first, that members are uncertain about the lifespan of the G-20. Second, the nature of member countries and their interrelations can change because...
Persistent link: https://www.econbiz.de/10009294593
This paper proposes an axiomatic approach to study two-player infinitely repeated games. A solution is a correspondence that maps the set of stage games into the set of infinite sequences of action profiles. We suggest that a solution should satisfy two simple axioms: individual rationality and...
Persistent link: https://www.econbiz.de/10009422023
If asking subjects their beliefs during repeated game play changes the way those subjects play, using those stated beliefs to evaluate and compare theories of strategic behavior is problematic. We experimentally verify that belief elicitation can alter paths of play in a repeated asymmetric...
Persistent link: https://www.econbiz.de/10005835418
Sannikov (2007) investigates properties of perfect public equilibria in continuous time repeated games. This note points out that the proof of the main theorem (Theorem 2) needs some corrections. I show that the main theorem holds as it is with suitable modifications of Lemmata 5 and 6.
Persistent link: https://www.econbiz.de/10005835850