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of play towards Nash equilibrium in repeated strategic interactions. We study behavior in a p-beauty contest experiment …
Persistent link: https://www.econbiz.de/10010364492
We aim to understand the role and evolution of beliefs in the indefinitely repeated prisoner's dilemma (IRPD). To do so, we elicit beliefs about the supergame strategies chosen by others. We find that heterogeneity in beliefs and changes in beliefs with experience are central to understanding...
Persistent link: https://www.econbiz.de/10013345861
Existing research supports two opposing mechanisms through which positive mood might affect cooperation. Some studies have suggested that positive mood produces more altruistic, open and helpful behavior, fostering cooperation. However, there is contrasting research supporting the idea that...
Persistent link: https://www.econbiz.de/10011760094
interaction effects. We conduct an experiment that avoids the identification problem present in the field. Our novel design …
Persistent link: https://www.econbiz.de/10002482525
This paper studies the effect of endogenous group formation on the outcome in two types of coordination games with … more groups within which they want to play the coordination game. In the theoretical part we show that a simple myopic best … reply dynamics under endogenous group formation leads to the payoff dominant outcome in both types of coordination games …
Persistent link: https://www.econbiz.de/10002881644
This paper reports the results of a laboratory experiment on network formation among heterogeneous agents. The … experimental design extends the basic Bala-Goyal (2000) model of network formation with decay and two-way flow of benefits by … network has a "star" structure. We find that with homogeneous agents, equilibrium predictions fail completely. In contrast …
Persistent link: https://www.econbiz.de/10003115141
Intelligence affects social outcomes of groups. A systematic study of the link is provided in an experiment where two …
Persistent link: https://www.econbiz.de/10010409805
In an experiment on the repeated prisoner’s dilemma where intended actions are implemented with noise, Fudenberg et al …
Persistent link: https://www.econbiz.de/10012805575
with low payoff inequality, disclosure disrupts coordination, as higher intelligence players try to force their most … does not significantly affect coordination, while coordination is more often on outcomes that favor the less intelligent …
Persistent link: https://www.econbiz.de/10013286604
evolutionary game theory model, where higher IQ among subjects determines - through better working memory - a lower frequency of …
Persistent link: https://www.econbiz.de/10012162894