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The impact of monitoring in infinitely repeated games: Perfect, public, and private
Aoyagi, Masaki; Bhaskar, V.; Frechette, Guillaume R. - 2015
find that the subjects sustain cooperation in every treatment, but that their strategies differ substantially in the three …
Persistent link: https://www.econbiz.de/10011421467
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Stated beliefs and play in normal-form games
Costa-Gomes, Miguel A.; Weizsäcker, Georg - 2004
Using data on one-shot games, we investigate the assumption that players respond to underlying expectations about their opponent's behavior. In our laboratory experiments, subjects play a set of 14 two-person 3x3 games, and state first order beliefs about their opponent's behavior. The sets of...
Persistent link: https://www.econbiz.de/10010332249
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The minimum approval mechanism implements the efficient public good allocation theoretically and experimentally
Masuda, Takehito; Okano, Yoshitaka; Saijo, Tatsuyoshi - 2013
We propose the minimum approval mechanism (MAM) for a standard linear public good environment with two players. Players simultaneously and privately choose their contributions to the public good in the first stage. In the second stage, they simultaneously decide whether to approve the other's...
Persistent link: https://www.econbiz.de/10010332274
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Cognition and behavior in two-person guessing games: An experimental study
Costa-Gomes, Miguel A.; Crawford, Vincent P. - 2004
This paper reports experiments that elicit subjects' initial responses to 16 dominancesolvable two-person guessing games. The structure is publicly announced except for varying payoff parameters, to which subjects are given free access, game by game, through an interface that records their...
Persistent link: https://www.econbiz.de/10010332279
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Intelligence promotes cooperation in long-term interaction: Experimental evidence in infinitely repeated public goods games
Kawamura, Tetsuya; Tsz Kwan Tse, Tiffany - 2021
A growing body of literature in experimental economics examines how cognitive ability affects cooperation in social … different continuation probability under two conditions: whether cooperation can be sustained as risk dominance or not. We asked … that participants with greater cognitive abilities cooperated more (less) when cooperation could(not) be sustained as risk …
Persistent link: https://www.econbiz.de/10012793786
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Beliefs in repeated games
Aoyagi, Masaki; Fréchette, Guillaume R.; Yuksel, Sevgi - 2021
This paper uses a laboratory experiment to study beliefs and their relationship to action and strategy choices in finitely and indefinitely repeated prisoners' dilemma games. We find subjects' beliefs about the other player's action are accurate despite some systematic deviations corresponding...
Persistent link: https://www.econbiz.de/10012544011
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The Impact of Monitoring in Infinitely Repeated Games : Perfect, Public, and Private
Aoyagi, Masaki - 2015
find that the subjects sustain cooperation in every treatment, but that their strategies differ substantially in the three …
Persistent link: https://www.econbiz.de/10013018397
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The Minimum Approval Mechanism Implements the Efficient Public Good Allocation Theoretically and Experimentally
Masuda, Takehito; Okano, Yoshitaka; Saijo, Tatsuyoshi - 2013
We propose the minimum approval mechanism (MAM) for a standard linear public good environment with two players. Players simultaneously and privately choose their contributions to the public good in the first stage. In the second stage, they simultaneously decide whether to approve the other’s...
Persistent link: https://www.econbiz.de/10014157950
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Efficiency and voluntary redistribution under inequality
Aoyagi, Masaki; Nishimura, Naoko; Okano, Yoshitaka - 2017
This paper presents an experimental analysis of 2x2 coordination games in which player 1 earns a substantially higher payoff than player 2 except in the inefficient equilibrium where they earn the same payoffs. The main focus is on the comparison of two treatments with and without the ex post...
Persistent link: https://www.econbiz.de/10012013663
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Efficiency and Voluntary Redistribution under Inequality
Aoyagi, Masaki - 2017
This paper presents an experimental analysis of 2×2 coordination games in which player 1 earns a substantially higher payoff than player 2 except in the inefficient equilibrium where they earn the same payoffs. The main focus is on the comparison of two treatments with and without the ex post...
Persistent link: https://www.econbiz.de/10012961111