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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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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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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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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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Arms races and conflict : experimental evidence
Abbink, Klaus; Dong, Lu; Huang, Lingbo - 2019
We study escalation and aggression in an experimental first-strike game in which two participants play multiple rounds of a money-earning task. In each round, both players can spend money to accumulate weapons. The player with more weapons can spend money to strike against the other player,...
Persistent link: https://www.econbiz.de/10011975495
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Conditioning on what? : heterogeneous contributions and conditional cooperation
Hartig, Björn; Irlenbusch, Bernd; Kölle, Felix - 2014
We experimentally investigate how different information about others' individual contributions affects conditional cooperators' willingness to cooperate in a one-shot linear public goods game. We find that when information about individual contributions is provided, contributions are generally...
Persistent link: https://www.econbiz.de/10010428766
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Conditional cooperation and betrayal aversion
Cubitt, Robin P.; Gächter, Simon; Quercia, Simone - 2015
We investigate whether there is a link between conditional cooperation and betrayal aversion. We use a public goods game to classify subjects by type of contribution preference and by belief about the contributions of others; and we measure betrayal aversion for different categories of subject....
Persistent link: https://www.econbiz.de/10011300140
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The coordinating power of social norms
Fallucchi, Francesco; Nosenzo, Daniele - 2020
A popular empirical technique to measure norms uses coordination games to elicit what subjects in an experiment …
Persistent link: https://www.econbiz.de/10012239507
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Social preferences, beliefs and the dynamics of free riding in public good experiments
Fischbacher, Urs; Gächter, Simon - 2009
One lingering puzzle is why voluntary contributions to public goods decline over time in experimental and real-world settings. We show that the decline of cooperation is driven by individual preferences for imperfect conditional cooperation. Many people's desire to contribute less than others,...
Persistent link: https://www.econbiz.de/10003799823
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The framing of games and the psychology of play
Dufwenberg, Martin; Gächter, Simon; Hennig-Schmidt, Heike - 2010 - [Rev. version of 2006,20]
Psychological game theory can provide rational-choice-based framing effects; frames influence beliefs, beliefs influence motivations. We explain this theoretically and explore empirical relevance experimentally. In a 2×2 design of one-shot public good games we show that frames affect subject's...
Persistent link: https://www.econbiz.de/10008699706