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The effect of link costs on simple buyer–seller networks

Doğan, Gönül; van Assen, Marcel; Potters, Jan - In: Games and Economic Behavior 77 (2013) 1, pp. 229-246

We examine experimentally how link costs affect the formation of links between a single seller and two potential buyers as well as the ensuing bargaining. Theory predicts that link costs lead to less competitive networks, with one link rather than two links, and that link costs do not affect the...

Persistent link: https://www.econbiz.de/10011049882

Bribing the Self

Gneezy, Uri; Saccardo, Silvia; Serra-Garcia, Marta; van … - In: Games and Economic Behavior 120 (2020), pp. 311-324

Expert advice is often biased in ways that benefit the advisor. We demonstrate how self-deception helps advisors be … affects advisors' beliefs and preferences over the investments. Biased advice persists with minimal justifications but is … eliminated when all justifications are removed. These findings show how self-deception can be constrained to improve advice …

Persistent link: https://www.econbiz.de/10012505192

Which hat to wear? Impact of natural identities on coordination and cooperation

Chen, Yan; Li, Sherry Xin; Liu, Tracy Xiao; Shih, Margaret - In: Games and Economic Behavior 84 (2014) C, pp. 58-86

As the workforce becomes increasingly diverse, motivating individuals from different backgrounds to work together effectively is a major challenge facing organizations. In an experiment conducted at a large public university in the United States, we manipulate the salience of participants'...

Persistent link: https://www.econbiz.de/10010753431

Modelling change in individual characteristics: An axiomatic framework

Dietrich, Franz - In: Games and Economic Behavior 76 (2012) 2, pp. 471-494

Economic models describe individuals by underlying characteristics, such as the degree to which they like music, have sympathy, want success, need recognition, etc. In reality, such characteristics change through experiences: taste for Mozart changes through attending concerts, sympathy through...

Persistent link: https://www.econbiz.de/10010588263

Ambiguous beliefs and mechanism design

Bodoh-Creed, Aaron L. - In: Games and Economic Behavior 75 (2012) 2, pp. 518-537

This paper develops a payoff equivalence theorem for mechanisms with ambiguity averse participants with preferences of the Maxmin Expected Utility (MEU) form (Gilboa and Schmeidler, 1989). We use our payoff equivalence result to explicitly characterize the revenue maximizing private value...

Persistent link: https://www.econbiz.de/10010573645

Markov equilibria in a model of bargaining in networks

Abreu, Dilip; Manea, Mihai - In: Games and Economic Behavior 75 (2012) 1, pp. 1-16

We study the Markov perfect equilibria (MPEs) of an infinite horizon game in which pairs of players connected in a network are randomly matched to bargain. Players who reach agreement are removed from the network without replacement. We establish the existence of MPEs and show that MPE payoffs...

Persistent link: https://www.econbiz.de/10010573659

Anonymous social influence

Förster, Manuel; Grabisch, Michel; Rusinowska, Agnieszka - In: Games and Economic Behavior 82 (2013) C, pp. 621-635

We study a stochastic model of influence where agents have “yes” or “no” inclinations on some issue, and opinions may change due to mutual influence among the agents. Each agent independently aggregates the opinions of the other agents and possibly herself. We study influence processes...

Persistent link: https://www.econbiz.de/10011049702

A dynamic epistemic characterization of backward induction without counterfactuals

Bonanno, Giacomo - In: Games and Economic Behavior 78 (2013) C, pp. 31-43

We propose a dynamic framework where the rationality of a playerʼs choice is judged on the basis of the actual beliefs that he has at the time he makes that choice. The set of “possible worlds” is given by state-instant pairs (ω,t), where each state specifies the entire play of the game....

Persistent link: https://www.econbiz.de/10011049748

Analogies and theories: The role of simplicity and the emergence of norms

Gayer, Gabrielle; Gilboa, Itzhak - In: Games and Economic Behavior 83 (2014) C, pp. 267-283

We consider the dynamics of reasoning by general rules (theories) and by specific cases (analogies). When an agent faces an exogenous process, we show that, under mild conditions, if reality happens to be simple, the agent will converge to adopt a theory and discard analogical thinking. If,...

Persistent link: https://www.econbiz.de/10011049806

On the communication complexity of approximate Nash equilibria

Goldberg, Paul W.; Pastink, Arnoud - In: Games and Economic Behavior 85 (2014) C, pp. 19-31

We study the problem of computing approximate Nash equilibria of bimatrix games, in a setting where players initially know their own payoffs but not the other player's. In order to find a solution of reasonable quality, some amount of communication is required. We study algorithms where the...

Persistent link: https://www.econbiz.de/10011049833