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Rationality is not consistency
Caliari, Daniele - 2023
between axioms of decision theory: consistency and preference axioms. We argue that this distinction has been overlooked by … the literature and, as a result, evidence that consistency is a proxy of decision-making ability is often based on … incorrect identification strategies. We conduct an experiment to investigate the factors that drive violations of consistency …
Persistent link: https://www.econbiz.de/10014323610
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Nudging cooperation
Barron, Kai; Nurminen, Tuomas - 2018
This paper experimentally studies two simple interventions aimed at increasing public goods provision in settings in which accurate feedback about contributions is not available. The first intervention aims to exploit lying aversion by requiring subjects to send a non-verifiable ex post...
Persistent link: https://www.econbiz.de/10011982104
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Why should majority voting be unfair?
Breitmoser, Yves; Tan, Jonathan H. W. - 2017
The common use of majority rule in group decision making is puzzling. In theory, it inequitably favors the proposer … experiment compares one-shot and indefinite horizon versions of random-proposer majority bargaining (the Baron-Ferejohn game …
Persistent link: https://www.econbiz.de/10011762571
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Are women less effective leaders than men? : evidence from experiments using coordination games
Heursen, Lea; Ranehill, Eva; Weber, Roberto A. - 2023 - This version: November 2022
We study whether one reason behind female underrepresentation in leadership is that female leaders are less effective at coordinating followers' actions. Two experiments using coordination games investigate whether female leaders are less successful than males in persuading followers to...
Persistent link: https://www.econbiz.de/10014487121
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Beliefs and actions in the trust game : creating instrumental variables to estimate the causal effect
Costa-Gomes, Miguel A.; Huck, Steffen; Weizsäcker, Georg - 2012
In many economic contexts, an elusive variable of interest is the agent's belief about relevant events, e.g. about other agents' behavior. A growing number of surveys and experiments ask participants to state beliefs explicitly but little is known about the causal relation between beliefs and...
Persistent link: https://www.econbiz.de/10009583740
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Expectations of reciprocity when competitors share information : experimental evidence
Ganglmair, Bernhard; Holcomb, Alex; Myung, Noah - 2019
Informal exchange of information among competitors has been well-documented in a variety of industries, and one's expectation of reciprocity shown to be a key determinant. We use an indeterminate horizon centipede game to establish a feedback loop in the laboratory and show that an individual's...
Persistent link: https://www.econbiz.de/10012055632
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Designing contests between heterogeneous contestants : an experimental study of tie-breaks and bid-caps in all-pay auctions
Llorente-Saguer, Aniol; Sheremeta, Roman M.; Szech, Nora - 2016
in an experiment. Our data show that indeed, strengthening weaker contestants through tie-breaks and bid …
Persistent link: https://www.econbiz.de/10011473683
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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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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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Sunspots in global games : theory and experiment
Heinemann, Frank; Moradi, Homayoon - 2018
We solve and test experimentally a global-games model of speculative attacks where agents can choose whether to read, at a cost, a payoff irrelevant (sunspot) announcement. Assuming that subjects exogenously believe some others to follow sunspots, we provide conditions for a unique equilibrium...
Persistent link: https://www.econbiz.de/10011976078