Showing 1 - 10 of 10
We study (anti-) coordination problems in networks in a laboratory experiment. Participants interact with their neighbours in a fixed network to play a bilateral (anti-) coordination game. Our main treatment variable is the extent to which players are heterogeneous in the number of connections...
Persistent link: https://www.econbiz.de/10014195360
We examine how the speed of learning and best-response processes depends on homophily: the tendency of agents to associate disproportionately with those having similar traits. When agents' beliefs or behaviors are developed by averaging what they see among their neighbors, then convergence to a...
Persistent link: https://www.econbiz.de/10013116883
We develop a simple model to study the coevolution of interaction structures and action choices in Prisoners' Dilemma games. Agents are boundedly rational and choose both actions and interaction partners via payoff-based imitation. The dynamics of imitation and exclusion yields polymorphic...
Persistent link: https://www.econbiz.de/10013157463
We investigate the role of networks of alliances in preventing (multilateral) interstate wars. We first show that, in the absence of international trade, no network of alliances is peaceful and stable. We then show that international trade induces peaceful and stable networks: trade increases...
Persistent link: https://www.econbiz.de/10014145358
We study learning and influence in a setting where agents communicate according to an arbitrary social network and naively update their beliefs by repeatedly taking weighted averages of their neighbors' opinions. A focus is on conditions under which beliefs of all agents in large societies...
Persistent link: https://www.econbiz.de/10014049685
We examine the consequences of vote buying, assuming this practice were allowed and free of stigma. Two parties competing in a binary election may purchase votes in a sequential bidding game via up-front binding payments and/or campaign promises (platforms) that are contingent upon the outcome...
Persistent link: https://www.econbiz.de/10010266321
We study all-pay auctions (or wars of attrition), where the highest bidder wins an object, but all bidders pay their bids. We consider such auctions when two bidders alternate in raising their bids and where all aspects of the auction are common knowledge including bidders.valuations. We analyze...
Persistent link: https://www.econbiz.de/10010266326
We examine the consequences of lobbying and vote buying, assuming this practice were allowed and free of stigma. Two .lobbyists. compete for the votes of legislators by oþering up-front payments to the legislators in exchange for their votes. We analyze how the lobbyists.budget constraints and...
Persistent link: https://www.econbiz.de/10010266328
We examine the consequences of vote buying, assuming this practice were al-lowed and free of stigma. Two parties compete in a binary election and may purchase votes in a sequential bidding game via up-front binding payments and/or campaign promises (platforms) that are contingent upon the...
Persistent link: https://www.econbiz.de/10010266330
We study extrapolation between games in a laboratory experiment. Participants in our experiment first play either the dominance solvable guessing game or a Coordination version of the guessing game for five rounds. Afterwards they play a 3x3 normal form game for ten rounds with random matching...
Persistent link: https://www.econbiz.de/10014187526