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Doing Your Best When Stakes Are High? Theory and Experimental Evidence
Houy, Nicolas; Nicolaï, Jean-Philippe; Villeval, Marie … - 2016
experiment that reproduces the main features of a tennis match. We show that our importance criterion is able to predict the …
Persistent link: https://www.econbiz.de/10011479284
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It's all about Connections: Evidence on Network Formation
Falk, Armin; Kosfeld, Michael - 2003
We present an economic experiment on network formation, in which subjects can decide to form links to one another …. Direct links are costly but being connected is valuable. The gametheoretic basis for our experiment is the model of Bala and …
Persistent link: https://www.econbiz.de/10010262760
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Can endogenous group formation prevent coordination failure? A theoretical and experimental investigation
Raab, Philippe - 2005
This paper studies the effect of endogenous group formation on the outcome in two types of coordination games with multiple Pareto-ranked equilibria. Endogenous group formation means that in each period players are free to choose among two or more groups within which they want to play the...
Persistent link: https://www.econbiz.de/10010267615
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Punishing Free-Riders : How Group Size Affects Mutual Monitoring and the Provision of Public Goods
Carpenter, Jeffrey P. - 2004
Because costly punishment is not credible, subgame perfection suggests that punishment will not deter free riding, regardless of the size or structure of groups. However, experiments show that people will punish free riders, even at considerable cost. To examine the implications of agents who...
Persistent link: https://www.econbiz.de/10010262078
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Strategic sophistication of individuals and teams in experimental normal-form games
Sutter, Matthias; Czermak, Simon; Feri, Francesco - 2010
We present an experiment on strategic thinking and behavior of individuals and teams in one-shot normal-form games …
Persistent link: https://www.econbiz.de/10010269696
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Gossip and the Efficiency of Interactions
Fehr, Dietmar; Sutter, Matthias - 2016
experiment whether gossip affects the efficiency of human interactions. We let subjects play a trust game. Third parties observe …
Persistent link: https://www.econbiz.de/10011479222
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Testing a forgotten aspect of Akerlof's gift exchange hypothesis: Relational contracts with individual and uniform wages
Kocher, Martin G.; Luhan, Wolfgang J.; Sutter, Matthias - 2012
Empirical work on Akerlof's theory of gift exchange in labor markets has concentrated on the fair wage …-effort hypothesis. In fact, however, the theory also contains a social component that stipulates that homogenous agents that are …. In our laboratory experiment, we establish the existence of a significant efficiency premium of uniform wages. However …
Persistent link: https://www.econbiz.de/10010282462
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Efficient coordination in weakest-link games
Riedl, Arno; Rohde, Ingrid M. T.; Strobel, Martin - 2011
Existing experimental research on behavior in weakest-link games shows overwhelmingly the inability of people to coordinate on the efficient equilibrium, especially in larger groups. We hypothesize that people are able to coordinate on efficient outcomes, provided they have sufficient freedom to...
Persistent link: https://www.econbiz.de/10010282539
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Testing a Forgotten Aspect of Akerlof's Gift Exchange Hypothesis: Relational Contracts with Individual and Uniform Wages
Kocher, Martin G.; Luhan, Wolfgang J.; Sutter, Matthias - Institute for the Study of Labor (IZA) - 2012
Empirical work on Akerlof's theory of gift exchange in labor markets has concentrated on the fair wage …-effort hypothesis. In fact, however, the theory also contains a social component that stipulates that homogenous agents that are …. In our laboratory experiment, we establish the existence of a significant efficiency premium of uniform wages. However …
Persistent link: https://www.econbiz.de/10011279270
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Efficient Coordination in Weakest-Link Games
Riedl, Arno; Rohde, Ingrid M.T.; Strobel, Martin - Institute for the Study of Labor (IZA) - 2011
Existing experimental research on behavior in weakest-link games shows overwhelmingly the inability of people to coordinate on the efficient equilibrium, especially in larger groups. We hypothesize that people are able to coordinate on efficient outcomes, provided they have sufficient freedom to...
Persistent link: https://www.econbiz.de/10009403395