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toward the anchor in games where choices are strategic substitutes. …
Persistent link: https://www.econbiz.de/10013191577
Anchoring is one of the most studied and robust behavioral biases, but there is little knowledge about its persistence in strategic settings. This article studies the role of anchoring bias in private-value auctions. We test experimentally two different anchor types. The announcement of a random...
Persistent link: https://www.econbiz.de/10012138992
-Stay-Lose-Shift, are not prevalent. We also find that the strategies used to support cooperation change with the parameters of the game …
Persistent link: https://www.econbiz.de/10010195365
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International cooperation on the reduction of greenhouse gas emissions, disarmament, or free trade needs to be … ambitious cooperation. Yet, a proof-of-concept for this important claim is lacking. Based on game theoretical analyses, we … a public good. Subjects differ in their benefits and costs of cooperation. Participation in the negotiations and all …
Persistent link: https://www.econbiz.de/10012500234
post announcement mechanism does not have a significant effect on the cooperation rate. However, the nudge leads to a … striking increase in the cooperation rate. We provide suggestive evidence that the nudge we use provides subjects with a focal …
Persistent link: https://www.econbiz.de/10011982104
A growing experimental literature studies the endogenous choice of institutions to solve cooperation problems arising … in prisoners' dilemmas, public goods games, and common pool resource games. Participants in these experiments have the … of institutional choice. Almost all institutions improve cooperation if they are implemented, but they are not always …
Persistent link: https://www.econbiz.de/10012010646
We analyze cooperation within a company setting in order to study the relationship between cooperative attitudes and … online experiment. We observe high levels of cooperation and the typical conditional contribution patterns in a modified …, sustained levels of cooperation in our company setting relate to non-financial values of cooperation rather than solely to …
Persistent link: https://www.econbiz.de/10012236842
mode or were induced to rely either on emotion or reason. Cooperation was measured across a series of commonly used and … incentivized games (prisoner’s dilemma game, public goods game, trust game, dictator game). At the state level, our results show … that average cooperation rates increased when emotions were induced rather than reason. At the trait level, our results …
Persistent link: https://www.econbiz.de/10012237149
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