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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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Majoritarian contests with asymmetric battlefields : an experiment
Montero, María; Possajennikov, Alexandre; Sefton, Martin; … - 2013
choices from a laboratory experiment. The equilibrium predicts that the large battlefield receives more than a proportional …
Persistent link: https://www.econbiz.de/10010224988
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Entry or exit? : the effect of voluntary participation on cooperation
Nosenzo, Daniele; Tufano, Fabio - 2015
the effectiveness of these mechanisms in a one-shot public goods experiment. Voluntary participation has a positive effect …
Persistent link: https://www.econbiz.de/10011434271
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How do risk attitudes affect measured confidence?
Murad, Zahra; Sefton, Martin; Starmer, Chris - 2015
We examine the relationship between confidence in own absolute performance and risk attitudes using two confidence elicitation procedures: self-reported (non-incentivised) confidence and an incentivised procedure that elicits the certainty equivalent of a bet based on performance. The former...
Persistent link: https://www.econbiz.de/10011434351
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Entry or exit? : the effect of voluntary participation on cooperation
Nosenzo, Daniele; Tufano, Fabio - 2015
examine the relative effectiveness of these two mechanisms in a one-shot, two-person public goods game experiment. We find …
Persistent link: https://www.econbiz.de/10010504597
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Belief formation in a signalling game without common prior : an experiment
Possajennikov, Alexandre - 2012
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
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The effect of voluntary participation on cooperation
Nosenzo, Daniele; Tufano, Fabio - 2017 - This is a revised version of 2015-20
the effectiveness of these mechanisms in a one-shot public goods experiment. Voluntary participation has a positive effect …
Persistent link: https://www.econbiz.de/10011691199
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Social comparison and performance : experimental evidence on the fair-wage effort hypothesis
Gächter, Simon; Thöni, Christian - 2009
We investigate the impact of wage comparisons for worker productivity. We present three studies which all use three-person gift-exchange experiments. Consistent with Akerlof and Yellen's (1990) fair wage-effort hypothesis we find that disadvantageous wage discrimination leads to lower efforts...
Persistent link: https://www.econbiz.de/10003908626
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Preference reversals and disparities between willingness to pay and willingness to accept in repeated markets
Loomes, Graham; Starmer, Chris; Sugden, Robert - 2009
and selling valuations - are eroded when respondents participate in repeated markets. We report an experiment which …
Persistent link: https://www.econbiz.de/10003908631
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Vendettas
Bolle, Friedel; Tan, Jonathan H. W.; Zizzo, Daniel John - 2010
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