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All it takes is one : the effect of weakest-link and summation aggregation on public good provision under threshold uncertainty

Carlsson, Frederik; Ek, Claes; Lange, Andreas - 2021

We report experimental evidence on the voluntary provision of public goods under threshold uncertainty. By explicitly comparing two prominent technologies, summation and weakest link, we show that uncertainty is particularly detrimental to threshold attainment under weakest link, where low...

Persistent link: https://www.econbiz.de/10012696938

Perfect-Substitutes, Best-Shot, and Weakest-Link Contests between Groups

Sheremeta, Roman - Volkswirtschaftliche Fakultät, … - 2011

This experiment investigates contests between groups. Each group has one strong player, with a higher valuation for the …

Persistent link: https://www.econbiz.de/10011111607

Reciprocity networks and the participation problem

Dufwenberg, Martin; Patel, Amrish - 2014

Reciprocity can be a powerful motivation for human behaviour. Scholars argue that it is relevant in the context of private provision of public goods. We examine whether reciprocity can resolve the associated coordination problem. The interaction of reciprocity with cost-sharing is critical....

Persistent link: https://www.econbiz.de/10010383392

Pre-play communication with forgone costly messages : experimental evidence on forward induction

Blume, Andreas; Kriss, Peter H.; Weber, Roberto A. - 2016

We experimentally study optional costly communication in Stag-Hunt games. Prior research demonstrates that efficient coordination is difficult without a communication option but obtains regularly with mandatory costless pre-play messages. We find that even small communication costs dramatically...

Persistent link: https://www.econbiz.de/10011492032

Communication and Efficiency in Competitive Coordination Games

Cason, Timothy; Sheremeta, Roman; Zhang, Jingjing - Volkswirtschaftliche Fakultät, … - 2012

with Pareto-ranked equilibria. We report an experiment in which two groups compete in a weakest-link contest by expending …. As a result, intra-group communication decreases while inter-group communication increases payoffs. Our experiment thus …

Persistent link: https://www.econbiz.de/10011113027

Do Women Panic More Than Men? An Experimental Study on Financial Decision

Kiss, Hubert Janos; Rodriguez-Lara, Ismael; … - Volkswirtschaftliche Fakultät, … - 2014

We report experimental evidence on gender differences in financial decision that involves three depositors choosing between waiting or withdrawing their money from a common bank. We find that the position in the line, the fact of being observed and the observed decisions are key determinants to...

Persistent link: https://www.econbiz.de/10011259526

You Can’t Put Old Wine in New Bottles: The Effect of Newcomers on Coordination in Groups

McCarter, Matthew; Sheremeta, Roman - Volkswirtschaftliche Fakultät, … - 2013

of member change on performance? To answer these questions we conduct an experiment in which we investigate the effect of … first part of the experiment, and then two members of the group are replaced with new participants, and the newly formed … group plays the game for the second part of the experiment. Our results show that the arrival of newcomers decreases trust …

Persistent link: https://www.econbiz.de/10011259957

Team Reasoning as a Guide to Coordination

Lahno, Amrei Marie; Lahno, Bernd - Volkswirtschaftliche Fakultät, … - 2014

resulting restrictions in using private information. We report results from a laboratory experiment in which teams were given a …

Persistent link: https://www.econbiz.de/10011108615

Behavioral Spillovers in Coordination Games

Cason, Timothy; Savikhin, Anya; Sheremeta, Roman - Volkswirtschaftliche Fakultät, … - 2011

Motivated by problems of coordination failure observed in weak-link games, we experimentally investigate behavioral spillovers for minimum- and median-effort coordination games. Subjects play these coordination games simultaneously and sequentially. The results show that successful coordination...

Persistent link: https://www.econbiz.de/10011109994

Focal Points Revisited: Team Reasoning, the Principle of Insufficient Reason and Cognitive Hierarchy Theory

Bardsley, Nicholas; Ule, Aljaz - Volkswirtschaftliche Fakultät, … - 2014

uniform randomisation. We test the team reasoning explanation experimentally against this alternative, using coordination …

Persistent link: https://www.econbiz.de/10011111846