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Why Are Open Ascending Auctions Popular? The Role of Information Aggregation and Behavioral Biases
Offerman, Theo; Romagnoli, Giorgia; Ziegler, Andreas G. B. - 2020
activate revenue enhancing biases. In an experiment, we compare three auctions that differ in how much information is revealed …
Persistent link: https://www.econbiz.de/10014352203
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Why are open ascending auctions popular? The role of information aggregation and behavioral biases
Offerman, Theo; Romagnoli, Giorgia; Ziegler, Andreas - 2020
activate revenue enhancing biases. In an experiment, we compare three auctions that differ in how much information is revealed …
Persistent link: https://www.econbiz.de/10012427171
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Imitation and Belief Learning in an Oligopoly Experiment
Offerman, Theo; Potters, Jan; Sonnemans, Joep - 1997
We examine the force of three types of behavioral dynamics in quantity-setting triopoly experiments:mimicking the … competitive, the collusive, and the Cournot-Nash outcome, respectively. In the experiment we employ three information treatments …
Persistent link: https://www.econbiz.de/10010324581
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Cooperation in an Overlapping Generations Experiment
Offerman, Theo; Verbon, Jan PottersHarry A.A.; Verbon, … - 1999
Recent theoretical work shows that folk theorems can be developed for infiniteoverlapping generations games. Cooperation in such games can be sustained as aNash equilibrium. Besides the efficient cooperative equilibrium there is alsothe inefficient non-cooperative equilibrium. This paper...
Persistent link: https://www.econbiz.de/10010324617
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Hurting hurts more than Helping helps: The Role of the Self-serving Bias
Offerman, Theo - 1999
This paper investigates an implication of the self-serving bias for reciprocalresponses. It is hypothesized that … with the explanation offered by the self-serving bias. …
Persistent link: https://www.econbiz.de/10010324551
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Equilibrium Selection in Cheap Talk Games: ACDC rocks when Other Criteria remain silent
de Groot Ruiz, Adrian; Offerman, Theo; Onderstal, Sander - 2011
the size of credible deviations. In our experiment, we find support for the relevance of credible deviations. In addition … experiments. …
Persistent link: https://www.econbiz.de/10010325937
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Team Production benefits from a Permanent Fear of Exclusion
Kopányi-Peuker, Anita; Offerman, Theo; Sloof, Randolph - 2015
threat of terminating them from the team (Alchian and Demsetz, 1972). We extend a standard weakest link experiment with a …
Persistent link: https://www.econbiz.de/10011288411
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Power and the Privilege of Clarity: An Analysis of Bargaining Power and Information Transmission
de Groot Ruiz, Adrian; Offerman, Theo; Onderstal, Sander - 2011
by an experiment. Finally, we show how partial information transmission can lead to communication failure, and show how …
Persistent link: https://www.econbiz.de/10010325901
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Money talks? An Experimental Investigation of Cheap Talk and Burned Money
de Haan, Thomas; Offerman, Theo; Sloof, Randolph - 2011
We experimentally study the strategic transmission of information in a setting where both cheap talk and money can be used for communication purposes. Theoretically a large number of equilibria exist side by side, in which senders either use costless messages, money, or a combination of the two....
Persistent link: https://www.econbiz.de/10010325974
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Discrimination in the Labor Market: The Curse of Competition between Workers
de Haan, Thomas; Offerman, Theo; Sloof, Randolph - 2011
beliefs of the employers are self-fulfilling. Theoretically and in an experiment, we investigate under what circumstances …
Persistent link: https://www.econbiz.de/10010326203