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A choice prediction competition is organized that focuses on decisions from experience in market entry games (http …://sites.google.com/site/gpredcomp/ and http://www.mdpi.com/si/games/predict-behavior/). The competition is based on two experiments: An estimation experiment …, and a competition experiment. The two experiments use the same methods and subject pool, and examine games randomly …
Persistent link: https://www.econbiz.de/10009751378
case provides an analogy of the conditions under which cooperation occurs in a context of competition between rival …
Persistent link: https://www.econbiz.de/10009754745
In imperfectly discriminating contests with symmetric valuations, equilibrium payoffs are positive shares of the value of the prize. In contrast to a bargaining situation, players’ shares sum to less than one because a residual share of the value is lost due to rent dissipation. In this paper,...
Persistent link: https://www.econbiz.de/10011550537
We investigate whether tournament prizes that depend on joint output ("variable prize tournaments") can alleviate the sabotage problem which is otherwise inherent in tournament struc- tures. In a game-theoretical model with three contestants, we compare fixed-prize tournaments with tournaments...
Persistent link: https://www.econbiz.de/10014418051
We study two-sided matching contests with two sets, A and B, each of which includes a finite number of heterogeneous agents with commonly known types. The agents in each set compete in a lottery (Tullock) contest, and then are assortatively matched, namely, the winner of set A is matched with...
Persistent link: https://www.econbiz.de/10014418053
competition. Moreover, in environments with low neighborhood effects and a stronger inertia threshold, firms are able to maintain …
Persistent link: https://www.econbiz.de/10013367758
In simple dyadic games such as rock, paper, scissors (RPS), people exhibit peculiar sequential dependencies across repeated interactions with a stable opponent. These regularities seem to arise from a mutually adversarial process of trying to outwit their opponent. What underlies this process,...
Persistent link: https://www.econbiz.de/10012649176
competition and aggregate innovation. We consider a two-stage game with a deterministic Research and Development (R&D) process … outputs simultaneously. We show that the inverted-U relationship between competition and aggregate innovation occurs if … competition is affected by the number of technology followers. However, the presence of more technology leaders decreases …
Persistent link: https://www.econbiz.de/10013171861
Individuals face competitive environments daily, and it is important to understand how emotions affect behavior in these environments and resulting economic consequences. Using a two-stage laboratory experiment, I analyze the role of reported emotions in tournament performance and assess how the...
Persistent link: https://www.econbiz.de/10011709205
Game and decision theory start from rather strong premises. Preferences, represented by utilities, beliefs represented by probabilities, common knowledge and symmetric rationality as background assumptions are treated as “given.” A richer language enabling us to capture the process leading...
Persistent link: https://www.econbiz.de/10009751382