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Learning to set the reserve price optimally in laboratory first price auctions
Banerjee, Priyodorshi; Khare, Shashwat; Srikant, P. - In: Games 9 (2018) 4/79, 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/10011993277
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The black box as a control for payoff-based learning in economic games
Burton-Chellew, Maxwell N.; West, Stuart A. - In: Games 13 (2022) 6, pp. 1-15
The black box method was developed as an "asocial control" to allow for payoff-based learning while eliminating social … participants can unwittingly affect the learning of other participants. Here, we test a solution to this problem in a range of … no significant differences in rates of learning between the original and the computerised black box, therefore either …
Persistent link: https://www.econbiz.de/10014418156
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The strategy method risks conflating confusion with a social preference for conditional cooperation in public goods games
Burton-Chellew, Maxwell N.; D'Amico, Victoire; Guérin, … - In: Games 13 (2022) 6, pp. 1-10
The strategy method is often used in public goods games to measure an individual's willingness to cooperate depending on the level of cooperation by their groupmates (conditional cooperation). However, while the strategy method is informative, it risks conflating confusion with a desire for fair...
Persistent link: https://www.econbiz.de/10014418083
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Contribution-based grouping under noise
Nax, Heinrich H.; Murphy, Ryan O.; Duca, Stefano; … - In: Games 8 (2017) 4, pp. 1-23
Many real-world mechanisms are “noisy” or “fuzzy”, that is the institutions in place to implement them operate with non-negligible degrees of imprecision and error. This observation raises the more general question of whether mechanisms that work in theory are also robust to more...
Persistent link: https://www.econbiz.de/10011771262
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Nudge the lunch : a field experiment testing menu-primacy effects on lunch choices
Andersson, Ola; Nelander, Lif - In: Games 12 (2021) 1/2, pp. 1-19
By way of a field experiment conducted at a university cafeteria this paper finds that placing a vegetarian option …
Persistent link: https://www.econbiz.de/10012432523
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Spite and reciprocity in auctions
Nishimura, Naoko; Cason, Timothy N.; Saijō, Tatsuyoshi; … - In: Games 2 (2011) 3, pp. 365-411
The paper presents a complete information model of bidding in second price sealed-bid and ascending-bid (English) auctions, in which potential buyers know the unit valuation of other bidders and may spitefully prefer that their rivals earn a lower surplus. Bidders with spiteful preferences...
Persistent link: https://www.econbiz.de/10009752417
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Bimodal bidding in experimental all-pay auctions
Ernst, Christiane; Thöni, Christian - In: Games 4 (2013) 4, pp. 608-623
We report results from experimental first-price, sealed-bid, all-pay auctions for a good with a common and known value. We observe bidding strategies in groups of two and three bidders and under two extreme information conditions. As predicted by the Nash equilibrium, subjects use mixed...
Persistent link: https://www.econbiz.de/10010240829
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To tender or not to tender? : deliberate and exogenous sunk costs in a public good game
Heine, Florian; Sefton, Martin - In: Games 9 (2018) 3/41, pp. 1-28
In an experimental study, we compare individual willingness to cooperate in a public good game after an initial team contest phase. While players in the treatment setup make a conscious decision on how much to invest in the contest, this decision is exogenously imposed on players in the control...
Persistent link: https://www.econbiz.de/10011891197
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What behaviors are disapproved? : experimental evidence from five dictator games
López-Pérez, Raúl; Vorsatz, Marc - In: Games 3 (2012) 2, pp. 78-96
The literature on social norms has often stressed that social disapproval is crucial to foster compliance with norms and promote fair and cooperative behavior. With this in mind, we explore the disapproval of allocation decisions using experimental data from five dictator games with a feedback...
Persistent link: https://www.econbiz.de/10009752852
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Gender differences in repeated dishonest behavior : experimental evidence
Chowdhury, Subhasish M.; Jeon, Joo Young; Kim, Chulyoung; … - In: Games 12 (2021) 2, pp. 1-11
We investigate gender differences in lying behavior when the opportunity to tell lies is repeated. In specific, we distinguish the situations in which such an opportunity can be planned versus when it comes as a surprise. We utilize data from an existing published research and show that when the...
Persistent link: https://www.econbiz.de/10012547730