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Guiso, Luigi; Sapienza, Paola; Zingales, Luigi - 2007

transmission tends to be biased toward excessively conservative priors. As a result, societies can be trapped in a low-trust … equilibrium. In this context, a temporary shock to the return to trusting can have a permanent effect on the level of trust. We …

Persistent link: https://www.econbiz.de/10003627185

Learning to set the reserve price optimally in laboratory first price auctions

Banerjee, Priyodorshi; Khare, Shashwat; Srikant, P. - In: Games 9 (2018) 4, pp. 1-16

We analyze choices of sellers, each setting a reserve price in a laboratory first price auction with automated equilibrium bidding. Subjects are allowed to gain experience for a fixed period of time prior to making a single payoff-relevant choice. Behavior of more experienced sellers was...

Persistent link: https://www.econbiz.de/10012227722

Partner selection and the division of surplus: Evidence from ultimatum and dictator experiments

Banerjee, Priyodorshi; Chakravarty, Sujoy; Ghosh, Sanmitra - In: Games 7 (2016) 1, pp. 1-18

We study ultimatum and dictator environments with one-way, unenforceable pre-play communication from the proposer to the recipient, semantically framed as a promise. After observing this promise regarding how much the proposer will offer if selected, in our treatment conditions, recipients...

Persistent link: https://www.econbiz.de/10011709874