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Inequity aversion and limited foresight in the repeated prisoner's dilemma
Backhaus, Teresa; Breitmoser, Yves - 2021
Reanalyzing 12 experiments on the repeated prisoner's dilemma (PD), we robustly observe three distinct subject types: defectors, cautious cooperators and strong cooperators. The strategies used by these types are surprisingly stable across experiments and uncorrelated with treatment parameters,...
Persistent link: https://www.econbiz.de/10012617057
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God does not play dice, but do we? : on the determinism of choice in long-run interactions
Backhaus, Teresa; Breitmoser, Yves - 2018
When do we cooperate and why? This question concerns one of the most persistent divides between "theory and practice …", between predictions from game theory and results from experimental studies. For about 15 years, theoretical analyses predict … predicted by theory. …
Persistent link: https://www.econbiz.de/10011902714
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Belief updating: does the 'good-news, bad-news' asymmetry extend to purely financial domains?
Barron, Kai - 2016
in this domain. In contrast, the average participant in our experiment is strikingly close to Bayesian in her belief …
Persistent link: https://www.econbiz.de/10011542204
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Decision making under uncertainty : an experimental study in market settings
Echenique, Federico; Imai, Taisuke; Saito, Kota - 2019
We design and implement a novel experimental test of subjective expected utility theory and its generalizations. Our … function, but not with subjective utility theory. The theory is tested by gauging how subjects respond to price changes. A … majority of subjects respond to price changes in the direction predicted by the theory, but not to a degree that makes them …
Persistent link: https://www.econbiz.de/10012126236
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An experimental test of the global-game selection in coordination games with asymmetric players
Heinemann, Frank - 2023
the fraction of players choosing either action. This paper presents an experiment on asymmetric games in which the GGS …
Persistent link: https://www.econbiz.de/10014476806
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Organizations, diffused pivotality and immoral outcomes
Falk, Armin; Szech, Nora - 2013
This paper studies how organizational design affects moral outcomes. Subjects face the decision to either kill mice for money or to save mice. We compare a Baseline treatment where subjects are fully pivotal to a Diffused-Pivotality treatment where subjects simultaneously choose in groups of...
Persistent link: https://www.econbiz.de/10009763127
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Cournot meets Bayes-Nash : a discontinuity in behavior in finitely repeated duopoly games
Argenton, Cédric; Ivanova-Stenzel, Radosveta; Müller, … - 2023
We conduct a series of Cournot duopoly market experiments with a high number of repetitions and fixed matching. Our treatments include markets with (a) complete cost symmetry and complete information, (b) slight cost asymmetry and complete information, and (c) varying cost asymmetries and...
Persistent link: https://www.econbiz.de/10014487322
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Social preferences under the shadow of the future
Kölle, Felix; Quercia, Simone; Tripodi, Egon - 2023
Social interactions predominantly take place under the shadow of the future. Previous literature explains cooperation in indefinitely repeated prisoner's dilemma as predominantly driven by self-interested strategic considerations. This paper provides a causal test of the importance of social...
Persistent link: https://www.econbiz.de/10014481063
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Time pressure and regret in sequential search
Klimm, Felix; Kocher, Martin; Opitz, Timm; Schudy, Simeon - 2022
interaction on search behavior in a pre-registered, theory-based, and well-powered experiment. Empirically, we and that …
Persistent link: https://www.econbiz.de/10014476728
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Monetary incentives and the contagion of unethical behavior
Le Maux, Benoît; Masclet, David; Necker, Sarah - 2021
dishonesty. We run a laboratory experiment with 560 participants, each of whom observes a number from one to six with there being …
Persistent link: https://www.econbiz.de/10012438251