Showing 1 - 10 of 57
organizations rely on raffles to turn donations into cash, but auctions are also common. Theory predicts that all-pay mechanisms … that it generates more revenue than other standard mechanisms, both in theory and in the lab. We hope, therefore, that this …
Persistent link: https://www.econbiz.de/10011117127
Recent field evidence suggests a positive link between overconfidence and innovative activities. In this paper we argue that the connection between overconfidence and innovation is more complex than the previous literature suggests. In particular, we show theoretically and experimentally that...
Persistent link: https://www.econbiz.de/10010738050
, as previous experiments have found. The hide-and-seek game experiment reveals that teamsʼ behavior is less heterogeneous …
Persistent link: https://www.econbiz.de/10011049773
The notions of one's social identity and group membership have recently become topics for economic theory and … considerations. We conduct a public-goods experiment in which we permit endogenous group-formation. In a 2×2 design, we vary whether …
Persistent link: https://www.econbiz.de/10011049776
The common prior assumption is pervasive in game-theoretic models with incomplete information. This paper investigates experimentally the importance of inducing a correct common prior in a two-person signaling game. Equilibrium selection arguments predict that different equilibria may be...
Persistent link: https://www.econbiz.de/10011049808
Previous experimental results on one-shot sequential two-player games show that group decisions are closer to the subgame-perfect Nash equilibrium than individual decisions. We extend the analysis of intergroup versus interindividual decision-making by running both one-shot and repeated sessions...
Persistent link: https://www.econbiz.de/10011049810
algorithm in which all seats are allocated simultaneously. In theory, the two mechanisms should lead to similar outcomes. Our …
Persistent link: https://www.econbiz.de/10011049830
We examine strategic information transmission in a controlled laboratory experiment of a cheap talk game with one …
Persistent link: https://www.econbiz.de/10011049867
This paper investigates the possibility that people discover effective heuristics when playing similar perfect information games of varying complexity. We call this discovery experience Eureka Learning. We use a change-point analysis to identify 35 percent of our subjects as Eureka Learners.
Persistent link: https://www.econbiz.de/10010662454
and decreasing over time even with institutions that facilitate collusion and, consistent with core theory, a …
Persistent link: https://www.econbiz.de/10013238103