Showing 1 - 10 of 15
is predicted to emerge in their "action commitment" extended game. We then report a laboratory experiment designed to … ; Sequential Contributions ; Endogenous Timing ; Action Commitment ; Observable Delay ; Experiment …
Persistent link: https://www.econbiz.de/10003839118
choices from a laboratory experiment. The equilibrium predicts that the large battlefield receives more than a proportional …
Persistent link: https://www.econbiz.de/10010224988
Using belief elicitation, the paper investigates the formation and the evolution of beliefs in a signalling game in which a common prior on Sender's type is not induced. Beliefs are elicited about the type of the Sender and about the strategies of the players. The experimental subjects often...
Persistent link: https://www.econbiz.de/10009535526
The paper reports on an experiment on two-player double-auction bargaining with private values. We consider a setting … no equilibrium achieving full efficiency. In the experiment, we vary the proportion of naive traders by introducing … computerized players. We find that full efficiency is not achieved in the experiment with or without naive traders, and efficiency …
Persistent link: https://www.econbiz.de/10011852503
Using experimental methods, this paper investigates the limits of communication and leadership in aiding group coordination in a minimum effort game. Choosing the highest effort is the payoff dominant Nash equilibrium in this game, and communication and leadership are expected to help in...
Persistent link: https://www.econbiz.de/10011318403
; experiment ; learning …
Persistent link: https://www.econbiz.de/10003828280
competitive promotion, by engaging in retaliatory aggressive behavior. We present a benchmark experiment where two players have an …
Persistent link: https://www.econbiz.de/10003990149
In a semi-aggregative representation of a game, the payoff of a player depends on a player's own strategy and on a personalized aggregate of all players' strategies. Suppose that each player has a conjecture about the reaction of the personalized aggregate to a change in the player's own...
Persistent link: https://www.econbiz.de/10011504952
; innovation ; dynamics ; experiment …
Persistent link: https://www.econbiz.de/10003675303
The evolutionary stability of payoff-maximizing preferences in the model of indirect evolution in symmetric games depends on the slope of the reaction function being zero at equilibrium. The application of this result to contests confirms that in two-player contests the optimal delegation...
Persistent link: https://www.econbiz.de/10003790694