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Let's talk : how communication affects contract design
Brandts, Jordi; Charness, Gary; Ellman, Matthew - 2012
We study experimentally how the ability to communicate affects the frequency and effectiveness of flexible and inflexible contracts in a bilateral trade context where sellers can adjust trade quality after observing a post-contractual cost shock and a discretionary buyer transfer. In the absence...
Persistent link: https://www.econbiz.de/10009571048
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Self-confidence and strategic behavior
Charness, Gary; Rustichini, Aldo; Ven, Jeroen van de - 2013
We test experimentally an explanation of over and under confidence as motivated by (perhaps unconscious) strategic … others ́statements of confidence about how well they have scored on an IQ test. In two-player tournaments where the highest …
Persistent link: https://www.econbiz.de/10010223063
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An experimental study on the effects of communication, credibility, and clustering in network games
Charness, Gary; Feri, Francesco; Meléndez-Jiménez, … - 2019
The effectiveness of social interaction depends strongly on an ability to coordinate actions efficiently. In large networks, such coordination may be very difficult to achieve and may depend on the communication technology and the network structure. We examine how pre-play communication and...
Persistent link: https://www.econbiz.de/10012024395
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Market power and information revelation in dynamic trading
Gottardi, Piero; Serrano, Roberto - 2004
is privately informed about the true state of the world. When n = 1, full information revelation never occurs in … equilibrium and the only information transmission happens in the first period. With n > 1 the outcome depends both on the … structure of the sellers' information and, even more importantly, on the intensity of competition allowed by the trading rules …
Persistent link: https://www.econbiz.de/10011451558