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Negotiating cooperation under uncertainty : communication in noisy, indefinitely repeated interactions
Dvorak, Fabian; Fehrler, Sebastian - 2018
round of the game. Beyond improving coordination, communication increases efficiency by making subjects' play more lenient …Case studies of cartels and recent theory suggest that repeated communication is key for stable cooperation in … environments where signals about others' actions are noisy. However, empirically the exact role of communication is not well …
Persistent link: https://www.econbiz.de/10011925584
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Gossip and the efficiency of interactions
Fehr, Dietmar; Sutter, Matthias - 2016
Human communication in organizations often involves a large amount of gossiping about others. Here we study in an …
Persistent link: https://www.econbiz.de/10011452089
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In search of stars : network formation among heterogeneous agents
Goeree, Jacob K. (contributor); Riedl, Arnold (contributor);  … - 2005
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 allowing for agents with lower linking costs or higher...
Persistent link: https://www.econbiz.de/10003115141
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How transparency kills information aggregation : theory and experiment
Fehrler, Sebastian; Hughes, Niall - 2015
We investigate the potential of transparency to influence committee decision-making. We present a model in which career concerned committee members receive private information of different type-dependent accuracy, deliberate and vote. We study three levels of transparency under which career...
Persistent link: https://www.econbiz.de/10010516456
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Network architecture and mutual monitoring in public goods experiments
Carpenter, Jeffrey P.; Kariv, Shachar; Schotter, Andrew - 2010
Recent experiments show that public goods can be provided at high levels when mutual monitoring and costly punishment are allowed. All these experiments, however, study monitoring and punishment in a setting where all agents can monitor and punish each other (i.e., in a complete network). The...
Persistent link: https://www.econbiz.de/10009300129
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Social distance and trust : experimental evidence from a slum in Cairo
Binzel, Christine; Fehr, Dietmar - 2013
While strong social ties help individuals cope with missing institutions, trade is essentially limited to those who are part of the social network. We examine what makes the decision to trust a stranger different from the decision to trust a member of a given social network (a friend), by...
Persistent link: https://www.econbiz.de/10009699454
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It hurts to ask
Bénabou, Roland; Jaroszewicz, Ania; Loewenstein, George F. - 2022
We analyze the offering, asking, and granting of help or other benefits as a three-stage game with bilateral private information between a person in need of help and a potential help-giver. Asking entails the risk of rejection, which can be painful: since unawareness of the need can no longer be...
Persistent link: https://www.econbiz.de/10013382050
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Revealing the economic consequences of group cohesion
Gächter, Simon; Starmer, Chris; Tufano, Fabio - 2017
Pareto-superior outcomes in classic weak-link coordination games. We show that effects of cohesion are economically large …
Persistent link: https://www.econbiz.de/10011670948
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Can endogenous group formation prevent coordination failure? : A theoretical and experimental investigation
Raab, Philippe (contributor) - 2005
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
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Against all odds: tentative steps toward efficient information sharing in groups
Schlangenotto, Darius; Schnedler, Wendelin; Vadovič, … - 2020
When groups face difficult problems, the voice of experts may be lost in the noise of others' contributions. We present results from a 'naturally noisy' setting, a large first-year undergraduate class, in which the 'expert's voice is lost' to such a degree that it is in fact optimal for all...
Persistent link: https://www.econbiz.de/10012257743