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Cross-Game Learning and Cognitive Ability in Auctions
Giebe, Thomas; Kocher, Martin G.; Schudy, Simeon; … - 2021
Overbidding in second-price auctions (SPAs) has been shown to be persistent and associated with cognitive ability. We study experimentally to what extent cross-game learning can reduce overbidding in SPAs, taking into account cognitive skills. Employing an order-balanced design, we use...
Persistent link: https://www.econbiz.de/10013314693
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Optimal and Fair Prizing in Sequential Round-Robin Tournaments : Experimental Evidence
Lauber, Arne; March, Christoph; Sahm, Marco - 2022
We report results from the first experimental study of round-robin tournaments. In our experiment, we investigate how the prize structure affects the intensity, fair-ness, and dynamic behavior in sequential round-robin tournaments with three players. We compare tournaments with a second prize...
Persistent link: https://www.econbiz.de/10013293842
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Incentive and Signaling Effects of Bonus Payments : An Experiment in a Company
Deversi, Marvin; Spantig, Lisa - 2023
information. The absence of the signaling effect seems related to the perception of managers’ intentions, a mitigating but …
Persistent link: https://www.econbiz.de/10014259692
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Auctions vs. Negotiations
Bulow, Jeremy; Klemperer, Paul - 2021
Which is the more profitable way to sell a company: a public auction or an optimally structured negotiation with a smaller number of bidders? We show that under standard assumptions the public auction is always preferable, even if it forfeits all the seller's negotiating power, including the...
Persistent link: https://www.econbiz.de/10013248693
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Persuading with Anecdotes
Haghtalab, Nika; Immorlica, Nicole; Lucier, Brendan; … - 2022
loss for both sides. One implication is informational homophily: a receiver can rationally prefer to obtain information …
Persistent link: https://www.econbiz.de/10014243362
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Measuring agents' reaction to private and public information in games with strategic complementarities
Cornand, Camille; Heinemann, Frank - 2010
In games with strategic complementarities, public information about the state of the world has a larger impact on … equilibrium actions than private information of the same precision, because the former is more informative about the likely … reasoning. Stated second order beliefs indicate that subjects underestimate the information contained in public signals about …
Persistent link: https://www.econbiz.de/10010266086
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Choice Screen Auctions
Ostrovsky, Michael - 2022
Choice screen auctions have been recently deployed in 31 European countries, allowing consumers to choose their preferred search engine on Google's Android platform instead of being automatically defaulted to Google's own search engine. I show that a seemingly minor detail in the design of these...
Persistent link: https://www.econbiz.de/10014090768
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The Herodotus Paradox
Baye, Michael R.; Kovenock, Dan; de Vries, Casper G. - 2010
the two-player case with complete and incomplete information, and in so doing identify what we call the 'Herodotus Paradox.' …
Persistent link: https://www.econbiz.de/10010272937
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Core-stable rings in auctions with independent private values
Biran, Omer; Forges, Françoise - 2010
We propose a semi-cooperative game theoretic approach to check whether a given coalition is stable in a Bayesian game with independent private values. The ex ante expected utilities of coalitions, at an incentive compatible (noncooperative) coalitional equilibrium, describe a (cooperative)...
Persistent link: https://www.econbiz.de/10010273875
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Conflicts with multiple battlefields
Kovenock, Dan; Roberson, Brian - 2010
This paper examines conflicts in which performance is measured by the players' success or failure in multiple component conflicts, commonly termed 'battlefields'. In multi-battlefield conflicts, behavioral linkages across battlefields depend both on the technologies of conflict within each...
Persistent link: https://www.econbiz.de/10010274746