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Confusion and reinforcement learning in experimental public goods games

Bayer, Ralph-C.; Renner, Elke; Sausgruber, Rupert - 2009

. The results show that reinforcement learning leads to dynamics similar to those observed in standard public goods games … explained by reinforcement learning. According to our estimates, learning only accounts for 41 percent of the decay in …, differ strongly from the learning dynamics, while a learning model estimated from the limited information treatment tracks …

Persistent link: https://www.econbiz.de/10010277497

Arms races and conflict: Experimental evidence

Abbink, Klaus; Dong, Lu; Huang, Lingbo - 2019

We study escalation and aggression in an experimental first-strike game in which two participants play multiple rounds of a money-earning task. In each round, both players can spend money to accumulate weapons. The player with more weapons can spend money to strike against the other player,...

Persistent link: https://www.econbiz.de/10012029792

Fungibility, labels and consumption

Abeler, Johannes; Marklein, Felix - 2010

Fungibility of money is a central assumption in the theory of consumer choice: any unit of money is substitutable for another. This implies that the composition of income or wealth is irrelevant for consumption. We find in a field experiment that even in a simple, incentivized setup many...

Persistent link: https://www.econbiz.de/10010277470

The framing of games and the psychology of play

Dufwenberg, Martin; Gächter, Simon; Hennig-Schmidt, Heike - 2010

Psychological game theory can provide rational-choice-based framing effects; frames influence beliefs, beliefs influence motivations. We explain this theoretically and explore empirical relevance experimentally. In a 2×2 design of one-shot public good games we show that frames affect subject's...

Persistent link: https://www.econbiz.de/10010277474

The limits of self-governance when cooperators get punished: Experimental evidence from urban and rural Russia

Gächter, Simon; Herrmann, Benedikt - 2010

We report evidence from public goods experiments with and without punishment which we onducted in Russia with 566 urban and rural participants of young and mature age cohorts. Russia is interesting for studying voluntary cooperation because of its long history of collectivism, and a huge...

Persistent link: https://www.econbiz.de/10010277481

Preference reversals and disparities between willingness to pay and willingness to accept in repeated markets

Loomes, Graham; Starmer, Chris; Sugden, Robert - 2009

Previous studies suggest that two otherwise robust 'anomalies' - preference reversals and disparities between buying and selling valuations - are eroded when respondents participate in repeated markets. We report an experiment which investigates whether this is true when factors neglected in...

Persistent link: https://www.econbiz.de/10010277501

Vendettas

Bolle, Friedel; Tan, Jonathan H. W.; Zizzo, Daniel John - 2010

Vendettas occur in many real world settings where rivals compete for a prize, e.g., winning an election or a competitive promotion, by engaging in retaliatory aggressive behavior. We present a benchmark experiment where two players have an initial probability of winning a prize. Retaliatory...

Persistent link: https://www.econbiz.de/10010277513

Him or her? Choosing competition on behalf of someone else

Fornwagner, Helena; Pompeo, Monika; Serdarevic, Nina - 2020

We extend the literature on competitive behaviour by investigating environments in which the choice to compete is not made by an individual themselves, but by someone else. Choosing on behalf of others is an integral part of life and gender may be an important factor in shaping the perceived...

Persistent link: https://www.econbiz.de/10012389702

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/10014480557

Testing for feedback-conditional regret effects using a natural lottery

Humphrey, Steven J.; Mann, Paul; Starmer, Chris - 2005

We report the results of an experimental test for feedback-conditional regret effects using a naturally occurring gamble. The properties of this gamble are likely to engage decision-makers to a greater extent than conventional abstract laboratory gambles, and be more generally exhibited by real...

Persistent link: https://www.econbiz.de/10010290539