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We explore the influence of cognitive ability and judgment on strategic behavior in the beauty contest game (where the Nash equilibrium action is zero). Using the level-k model of bounded rationality, cognitive ability and judgment both predict higher level strategic thinking. However,...
Persistent link: https://www.econbiz.de/10014584425
property rights. -- property rights ; theft ; efficiency ; experiment ; socio-political factors …
Persistent link: https://www.econbiz.de/10009664976
-registered experiment with 1,260 subjects. In the first wave we vary the level of awareness of subjects' past dishonesty and explore the …
Persistent link: https://www.econbiz.de/10012494900
In the laboratory experiment reported in this paper we explore how evolving institutions and social norms, which we … consequence social norms gradually changed again. In our experiment we investigate gender differences in competitive choices …
Persistent link: https://www.econbiz.de/10011581634
The present paper reports the results of an experiment which studied the effects of parents' marital status (divorced … of honesty was assessed by a flip-coin task which rewarded a self-reported favorable outcome. The experiment gave rise to …
Persistent link: https://www.econbiz.de/10012116913
' to become high performers. -- efficient coordination ; weakest-link ; minimum effort ; neighborhood choice ; experiment …
Persistent link: https://www.econbiz.de/10009523469
implications of our result on bargaining and cooperation games. Accordingly, with a preregistered experiment (Experiment 1), we …, with a second preregistered experiment (Experiment 2), we show that this effect is not common to all negative emotions. Sad … game of Experiment 1, and sadness does not lead to more level-zero play. …
Persistent link: https://www.econbiz.de/10012287037
We conduct an experiment where subjects are matched in groups of three and vote on a moral transgression. Analyzing …
Persistent link: https://www.econbiz.de/10012239268
-effort experiment in which individuals had to decide when to exit the situation: a continuous reinforcement schedule (all periods paid … reinforcement ; ambiguity ; randomness ; incentives ; experiment …
Persistent link: https://www.econbiz.de/10008780451
The behavioral relevance of non-binding default options is well established. While most research has focused on decision makers' responses to a given default, we argue that this individual decision making perspective is incomplete. Instead, a comprehensive understanding of the foundation of...
Persistent link: https://www.econbiz.de/10010128312