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by an experiment. Finally, we show how partial information transmission can lead to communication failure, and show how …
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Many everyday activities are habitual. Among the most common human activities is communication. If people primarily communicate in a common-interests environment, they may form habits of truth-telling and believing messages. If they primarily communicate in a conflicting-interests environment,...
Persistent link: https://www.econbiz.de/10012887895
such as defense procurement. This contradicts predictions from standard economic theory. We conduct a laboratory experiment …
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symmetry of the allocation of production capacity between different suppliers. We relate our results to a descriptive power … (MUA) model. We find that pivotal suppliers do indeed exercise their market power in the experiments. We also find that …
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This paper describes a classroom experiment that illustrates the research and development investment incentives facing …
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We study social learning in a social network setting where agents receive independent noisy signals about the truth. Agents naïvely update beliefs by repeatedly taking weighted averages of neighbors' opinions. The weights are fixed in the sense of representing average frequency and intensity of...
Persistent link: https://www.econbiz.de/10011801379