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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

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

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

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

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

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

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

Optimal Accuracy of Unbiased Tullock Contests with Two Heterogeneous Players

Sahm, Marco - 2022

I characterize the optimal accuracy level r of an unbiased Tullock contest between two players with heterogeneous prize valuations. The designer maximizes the winning probability of the strong player or the winner’s expected valuation by choosing a contest with an all-pay auction equilibrium...

Persistent link: https://www.econbiz.de/10013298366

Dynamic matching, two-sided incomplete information and participation costs : existence and convergence to perfect competition

Satterthwaite, Mark; Shneyerov, Artyom - In: Econometrica : journal of the Econometric Society, an … 75 (2007) 1, pp. 155-200

Persistent link: https://www.econbiz.de/10003410474

Efficient design with interdependent valuations

Jehiel, Philippe; Moldovanu, Benny - In: Econometrica : journal of the Econometric Society, an … 69 (2001) 5, pp. 1237-1259

Persistent link: https://www.econbiz.de/10001612099