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Investigating the failure to best respond in experimental games
Alempaki, Despoina; Colman, Andrew M.; Kölle, Felix; … - 2019
In experimental games, a substantial minority of players often fail to best respond. Using two-person 3x3 one-shot games, we investigated whether 'structuring' the pre-decision deliberation process produces greater consistency between individuals' stated values and beliefs on the one hand and...
Persistent link: https://www.econbiz.de/10012131659
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Trust, trustworthiness and the consensus effect : an evolutionary approach
Adriani, Fabrizio; Sonderegger, Silvia - 2013
People often form expectations about others using the lens of their own attitudes (the so-called consensus effect). We study the implications of this for trust and trustworthiness. Trustworthy individuals are more \optimistic" than opportunists and are accordingly less afraid to engage in...
Persistent link: https://www.econbiz.de/10010194809
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Failure of unravelling theory? : a natural field experiment on voluntary quality disclosure
Lane, Tom; Zhou, Minghai - 2021
This paper presents a simple adaptive model of demand adjustment in cooperative games, and analyzes this model in weighted majority games. In the model, a randomly chosen player sets his demand to the highest possible value subject to the demands of other coalitions members being satisfied. This...
Persistent link: https://www.econbiz.de/10012665574
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Inefficiency in private value bargaining with naive players : an experimental study
Possajennikov, Alexandre; Saran, Rene - 2018
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
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Failure of unravelling theory? : a natural field experiment on voluntary quality disclosure
Lane, Tom; Zhou, Minghai - 2022
quality. This study is the first to use a natural field experiment to test this proposition, and the first to test it in a … labour market context. We sent out 12,301 job applications, varying the information on degree classification - a signal of …
Persistent link: https://www.econbiz.de/10013475155
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Incentive contracts crowd out voluntary cooperation : evidence from gift-exchange experiments
Gächter, Simon; Kaiser, Esther; Königstein, Manfred - 2024
Explicit and implicit incentives and opportunities for mutually beneficial voluntary cooperation co-exist in many … crowding out of voluntary cooperation even after incentives have been abolished. This crowding out occurs also in repeated …-effort relationships. Our systematic analysis also replicates established results on gift exchange, incentives, and crowding out of …
Persistent link: https://www.econbiz.de/10014529308
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Promoting cooperation : the distribution of reward and punishment power
Nosenzo, Daniele; Sefton, Martin - 2012
Recent work in experimental economics on the effectiveness of rewards and punishments for promoting cooperation mainly examines decentralized incentive systems where all group members can reward and/or punish one another. Many self-organizing groups and societies, however, concentrate the power...
Persistent link: https://www.econbiz.de/10009578208
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Discretionary sanctions and rewards in the repeated inspection game
Nosenzo, Daniele; Offerman, Theo; Sefton, Martin; Veen, … - 2012
We experimentally investigate a repeated "inspection game" where, in the stage game, an employee can either work or shirk and an employer simultaneously chooses to inspect or not inspect. Combined payoffs are maximized when the employee works and the employer does not inspect. However, the...
Persistent link: https://www.econbiz.de/10009578200
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Discretionary sanctions and rewards in the repeated inspection game
Nosenzo, Daniele; Offerman, Theo; Sefton, Martin; Veen, … - 2014 - This version: 02 April 2014
We experimentally investigate a repeated "inspection game" where, in the stage game, an employee can either work or shirk and an employer simultaneously chooses to inspect or not inspect. The unique equilibrium of the stage game is in mixed strategies with positive probabilities of...
Persistent link: https://www.econbiz.de/10010340303
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Pay secrecy and effort provision
Nosenzo, Daniele - 2012
giftexchange game laboratory experiment where an employer is matched with two symmetric employees. We compare effort choices made …
Persistent link: https://www.econbiz.de/10009634321