We analyze the effects of asymmetric information concerning thesize of a pie on proposer behavior in three different … bargaining situations:the ultimatum game, the Yes-No-game and the dictator game.Our data show that (a) irrespective of the … information condition, proposergenerosity increases with responder veto power, (b) informedproposers in the ultimatum game try to …

This paper examines the occurrence and fragility of information cascades in laboratory experiments.One group of low … decisions of the first group andmake predictions. According to the theory of information cascades (Bikhchandani, Hirshleifer …,and Welch, 1992), if initial decisions coincide, an information cascade should occur: it is rationalfor subsequent players with …