Similar Search Results

Kaiser, Jonas Pilgaard; Pedersen, Kasper Selmar; Koch, … - In: Games 9 (2018) 4/75, pp. 1-17

whether to engage in costly punishment of a free rider in a survey-based experiment with 1423 students from seven study areas …

Persistent link: https://www.econbiz.de/10011905088

Revenue implications of strategic and external auction risk

Robbett, Andrea; Graham, Michael K.; Matthews, Peter Hans - In: Games 7 (2016) 1, pp. 1-18

Two experimental treatments are used to study the effects of auction risk across five mechanisms. The first canonical … neutral Nash equilibrium is prevalent in all common auction mechanisms except for the English auction. We do not find evidence …

Persistent link: https://www.econbiz.de/10011453209

Spite and reciprocity in auctions

Nishimura, Naoko; Cason, Timothy N.; Saijō, Tatsuyoshi; … - In: Games 2 (2011) 3, pp. 365-411

overbid more than higher value bidders, and they overbid more frequently in the second price auction than in the ascending … price auction. Overall, the lower value bidder submits bids that exceed value about half the time. These patterns are not …

Persistent link: https://www.econbiz.de/10009752417

Feature-based choice and similarity perception in normal-form games : an experimental study

Di Guida, Sibilla; Devetag, Giovanna - In: Games 4 (2013) 4, pp. 776-794

In this paper, we claim that agents confronting with new interactive situations apply behavioral heuristics that drastically reduce the problem complexity either by neglecting the other players’ incentives, or by restricting attention to subsets of “salient” outcomes. We postulate that...

Persistent link: https://www.econbiz.de/10010240816

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 responses in repeated public goods games. Players are told they must decide how many virtual coins they want to input into a virtual black box that will provide uncertain...

Persistent link: https://www.econbiz.de/10014418156

Private value takeover auctions with toeholds : an experimental study

Dodonova, Anna; Khoroshilov, Yuri - In: Games 12 (2021) 2, pp. 1-10

This paper presents the results of an experimental study of takeover auctions with toeholds. Consistent with the theory, we find a positive effect of toeholds on bidding. Such an effect, however, is of a lower magnitude and the bidding premium function has an opposite slope than the theory...

Persistent link: https://www.econbiz.de/10012547676

Sequential auctions with capacity constraints : an experimental investigation

Otamendi, F. Javier; Brocas, Isabelle; Carrillo, Juan D. - In: Games 9 (2018) 1/15, pp. 1-31

We conduct a laboratory experiment where groups of 4 subjects constrained to obtain at most one good each, sequentially … bid for three goods in first and second price auctions. Subjects learn at the beginning of each auction their valuation … for the good and exit the auction once they have obtained one good. We show that, contrary to equilibrium predictions …

Persistent link: https://www.econbiz.de/10011849226

The impact of the irrelevant : temporary buy-options and bidding behavior in auctions

Peeters, Ronald; Strobel, Martin; Vermeulen, Dries; … - In: Games 7 (2016) 1, pp. 1-19

With a laboratory experiment, we study the impact of buy-options and the corresponding buy-price on revenues and …-prices, bidders are reluctant to bid above the option price (even though the option is no longer available once an auction has started …

Persistent link: https://www.econbiz.de/10011453215

Voluntary versus enforced team effort

Keser, Claudia; Montmarquette, Claude - In: Games 2 (2011) 3, pp. 277-301

We present a model where each of two players chooses between remuneration based on either private or team effort. Although at least one of the players has the equilibrium strategy to choose private remuneration, we frequently observe both players to choose team remuneration in a series of...

Persistent link: https://www.econbiz.de/10009752421

Building trust : one gift at a time

Servátka, Maroš; Tucker, Steven James; Vadovič, Radovan - In: Games 2 (2011) 4, pp. 412-433

This paper reports an experiment evaluating the effect of gift giving on building trust. We have nested our …

Persistent link: https://www.econbiz.de/10009752900

1
2
3
4
5
6
7
8
9
10
Next
Last