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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
In this paper, we introduce two new learning models: action-sampling learning and impulse-matching learning. These two models, together with the models of self-tuning EWA and reinforcement learning, are applied to 12 different 2×2 games and their results are compared with the results from...
Persistent link: https://www.econbiz.de/10011049672
In an experiment using two-bidder first-price sealed-bid auctions with symmetric independent private values and 400 …
Persistent link: https://www.econbiz.de/10011049790
We conduct an experiment in continuous time: every subject can change her links to others and her action in a Hawk …
Persistent link: https://www.econbiz.de/10011049851
. Contrary to the theory, joint bidding increases efficiency and the sellerʼs revenue decreases by less than expected. Strong …. Additionally, the experiment assesses the effect of group decision-making. A Nash equilibrium prediction for individual …
Persistent link: https://www.econbiz.de/10011049873
We report an experiment on the Probabilistic Serial (PS) mechanism for allocating indivisible goods. The PS mechanism … mechanism. We confront subjects with situations in which the theory suggests that there is an incentive or no incentive to …
Persistent link: https://www.econbiz.de/10010931194
experiment support this theoretical prediction. However, there is a discrepancy between the theory and laboratory observations in …
Persistent link: https://www.econbiz.de/10010753435
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