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With a laboratory experiment, we study the impact of buy-options and the corresponding buy-price on revenues and …
Persistent link: https://www.econbiz.de/10011453215
In experimental games, task-related incentives are payments to experimental subjects that vary according to their strategy choices and the consequent outcomes of the games. Limited evidence exists regarding incentive magnitude effects in experimental games. We examined one-off strategy choices...
Persistent link: https://www.econbiz.de/10011848336
We formally explore the idea that punishment of norm-breakers may be a vehicle for the older generation to teach youngsters about social norms. We show that this signaling role provides sufficient incentives to sustain costly punishing behavior. People punish norm-breakers to pass information...
Persistent link: https://www.econbiz.de/10012014968
Using a laboratory experiment, we behaviourally study the impact of a sudden increase in the common-pool size on within …
Persistent link: https://www.econbiz.de/10011453120
aggression. In this lab experiment, we find that adopting an objective attitude (objective), through a form of emotion regulation …
Persistent link: https://www.econbiz.de/10011621328
With a laboratory experiment, we study the impact of buy-options and the corresponding buy-price on revenues and …
Persistent link: https://www.econbiz.de/10011709877
We design an experiment to test how voters vote in a small committee election with three alternatives. Voters have … election and then casts a vote. The alternative with the most votes wins. We fix the number of voters in our experiment to be … the decision is also relatively high and comes close to predicted levels. In one variation of the experiment, we calculate …
Persistent link: https://www.econbiz.de/10012061937
Despite recent advances in reputation technologies, it is not clear how reputation systems can affect human cooperation in social networks. Although it is known that two of the major mechanisms in the evolution of cooperation are spatial selection and reputation-based reciprocity, theoretical...
Persistent link: https://www.econbiz.de/10011621316
This paper formulates the classic Monty Hall problem as a Bayesian game. Allowing Monty a small amount of freedom in his decisions facilitates a variety of solutions. The solution concept used is the Bayes Nash Equilibrium (BNE), and the set of BNE relies on Monty’s motives and incentives. We...
Persistent link: https://www.econbiz.de/10011709265
We analyze the impact of overconfidence on the timing of entry in markets, profits, and welfare using an extension of the quantity commitment game. Players have private information about costs, one player is overconfident, and the other one rational. We find that for slight levels of...
Persistent link: https://www.econbiz.de/10012432306