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This paper develops a dynamic programming method when the one-stage deviation principle in the sense of mechanism design literature doesn’t hold. The commonly used dynamic programming method is valid only if the one-stage deviation principle in the sense of mechanism design literature is...
Persistent link: https://www.econbiz.de/10012889686
Belief elicitation is central to inference on economic decision making. The recently introduced Binarized Scoring Rule (BSR) is heralded for its robustness to individuals holding risk averse preferences and for its superior performance when eliciting beliefs. Consequently, the BSR has become the...
Persistent link: https://www.econbiz.de/10012842970
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
related testable predictions, and design an experiment based on a variant of the dictator game that tests for empirical …
Persistent link: https://www.econbiz.de/10012889682
theory, while sociological theories of social ties and intergroup comparisons suggest that bilateral cooperation can be … strengthened if there exist outsiders that gain from cooperative break down. We investigate this in a laboratory experiment …
Persistent link: https://www.econbiz.de/10012892045
external factors if they fail. They are too easily dissatisfied with their environment, which leads them to experiment in …
Persistent link: https://www.econbiz.de/10012892079
supported by the laboratory experiment, although those regarding individuals’ contribution decisions are consistent with the …
Persistent link: https://www.econbiz.de/10012892149
prediction in a lab experiment allowing us to cleanly separate the selection effect from other effects of low incentives. Results …
Persistent link: https://www.econbiz.de/10013217557
-comes. This paper contributes to solving this puzzle by means of a controlled laboratory experiment. We study the causal …
Persistent link: https://www.econbiz.de/10013292508
prosocial behavior. We conduct a large-scale online experiment where we add the possibility of purchasing insurance to safeguard …
Persistent link: https://www.econbiz.de/10012832187