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not affect the winning strategy. Further considering the effects of reputation and structure, I find that they act …
Persistent link: https://www.econbiz.de/10011316592
Two experimental treatments are used to study the effects of auction risk across five mechanisms. The first canonical, baseline treatment features only strategic risk and replicates the standard results that overbidding relative to the risk neutral Nash equilibrium is prevalent in all common...
Persistent link: https://www.econbiz.de/10011453209
"Image scoring" is a type of social evaluation, originally used in agent-based models, where the reputation of another …
Persistent link: https://www.econbiz.de/10012432426
stern-judging rule adoption. Our analysis shows that the use of the rule helps to maintain cooperation if reputation …
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equilibrium in Trockel’s game opens a door for reputation building. This study is the first attempt to experimentally test …
Persistent link: https://www.econbiz.de/10012168597