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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 … players. We compare tournaments with a second prize equal to either 0%, 50%, or 100% of the ﬁrst prize. While theory predicts … advantaged in the 100%-treatment and disadvantaged in the 0%-treatment. Also in line with the theory, we identify a strategic …

Persistent link: https://www.econbiz.de/10013293842

Cross-Game Learning and Cognitive Ability in Auctions

Giebe, Thomas; Kocher, Martin; 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 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

Signalling in Auctions : Experimental Evidence

Bos, Olivier - 2018

laboratory experiment where bidders can signal information through their bidding behaviour to an outside observer. We consider …

Persistent link: https://www.econbiz.de/10012908650

Measuring "Group Cohesion" to Reveal the Power of Social Relationships in Team Production

Gächter, Simon; Starmer, Chris; Tufano, Fabio - 2022

We introduce “group cohesion” to study the economic relevance of social relationships in team production. We operationalize measurement of group cohesion, adapting the “oneness scale” from psychology. A series of experiments, including a pre-registered replication, reveals strong...

Persistent link: https://www.econbiz.de/10014076998

Social Preferences and the Variability of Conditional Cooperation

Baader, Malte; Gächter, Simon; Lee, Kyeongtae; Sefton, … - 2022

We experimentally examine how the incentive to defect in a social dilemma affects conditional cooperation. In our first study we conduct online experiments in which subjects play eight Sequential Prisoner’s Dilemma games with payoffs systematically varied across games. We find that few second...

Persistent link: https://www.econbiz.de/10014077010

Viable Nash Equilibria : An Experiment

Kim, Duk Gyoo; Min, Daehong; Wooders, John - 2022

This paper examines the usefulness of Kalai (2020)’s measure of the viability of Nash equilibrium. We experimentally study a class of participation games, which differ in the number of players, the success threshold, and the payoff to not participating. We find that Kalai’s measure captures...

Persistent link: https://www.econbiz.de/10014077192

Positive and Negative Selection in Bargaining : An Experiment

Chang, Dongkyu; Kim, Duk Gyoo; Lim, Wooyoung - 2022

We consider infinite-horizon bargaining in which an uninformed seller sequentially makes a price offer to a privately informed buyer who decides whether to accept or reject it in every bargaining round. Existing theories suggest that the presence (absence) of an arbitrarily small outside option...

Persistent link: https://www.econbiz.de/10014077327

Spin Doctors : A Model and an Experimental Investigation of Vague Disclosure

Deversi, Marvin - 2018

such positive spin? We use a theoretical model and a laboratory experiment to study the strategic use of vagueness in a … interval that contains her actual type. Theory predicts that when facing a possibly naive receiver, the sender discloses an … interval that separates her from worse types but is upwardly vague. Senders in the experiment adopt this strategy and some …

Persistent link: https://www.econbiz.de/10012908648

On Self-Serving Strategic Beliefs

Ging-Jehli, Nadja R. - 2019

strategic belief manipulation and a novel experiment in which we replicate Di Tella, et al.’s, experiment and also elicit the …

Persistent link: https://www.econbiz.de/10012891985