Showing 1 - 10 of 1,194
This experiment investigates contests between groups. Each group has one strong player, with a higher valuation for the prize, and two weak players, with lower valuations. In contests where individual efforts are perfect substitutes, all players expend significantly higher efforts than predicted...
Persistent link: https://www.econbiz.de/10011111607
newcomers on a group’s ability to coordinate efficiently. Participants play a coordination game in a four-person group for the …
Persistent link: https://www.econbiz.de/10011259957
Motivated by problems of coordination failure observed in weak-link games, we experimentally investigate behavioral … spillovers for minimum- and median-effort coordination games. Subjects play these coordination games simultaneously and … sequentially. The results show that successful coordination on the Pareto optimal equilibrium in the median game influences …
Persistent link: https://www.econbiz.de/10011109994
, however the sender can improve communication, at a cost, by increasing the complexity or elaborateness of the message. As is … standard in the communication literature, the sender learns the state of the world then sends a message to the receiver. The … expected, we find that larger communication costs are associated with worse outcomes for both sender and receiver. Consistent …
Persistent link: https://www.econbiz.de/10008548823
This paper reports recent findings on the effects of cheap talk communication on behavior. It exemplifies how different … communication channels influence decisions in various games and information environments and addresses possible consequences for the …
Persistent link: https://www.econbiz.de/10005621416
among three players. The baseline treatment with no communication shows that the first and second players send significant … amounts and the third player reciprocates. Allowing insider communication between the second and the third players increases … cooperation between these two. Interestingly, there is an external effect of insider communication: the first player who is …
Persistent link: https://www.econbiz.de/10011113806
This article reports the results of a laboratory experiment that examines the strategic effect of forward contracts on market power in infinitely repeated duopolies. Two competing effects motivate the experimental design. Allaz and Vila (1993) argue that forward markets act like additional...
Persistent link: https://www.econbiz.de/10011112507
In this survey, I look into experimental studies on duopolistic quantity competition with homogeneous products and duopolistic price competition with heterogeneous products. The focus is on the sequence of competition. That is, I summarize and analyze experimental studies checking Cournot...
Persistent link: https://www.econbiz.de/10008560134
We introduce a generalized theoretical approach to study imitation and subject it to rigorous experimental testing. In our theoretical analysis we find that the different predictions of previous imitation models are due to different informational assumptions, not to different behavioral rules....
Persistent link: https://www.econbiz.de/10005785850
We use an experiment to explore how subjects learn to play against computers which are programmed to follow one of a number of standard learning algorithms. The learning theories are (unbeknown to subjects) a best response process, fictitious play, imitation, reinforcement learning, and a trial...
Persistent link: https://www.econbiz.de/10005785934