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We examine in an experiment the causes, consequences and possible cures of myopic loss aversion (MLA) for investment …
Persistent link: https://www.econbiz.de/10010263857
Unlike previous attempts to implement cooperation in a prisoners' dilemma game with an infinite horizon in the laboratory, we focus on extended prisoners' dilemma games in which a second (pure strategy) equilibrium allows for voluntary cooperation in all but the last round. Our four main...
Persistent link: https://www.econbiz.de/10010266648
making in teams. I find in an investment experiment that individual decisions with salient group membership are largely the …
Persistent link: https://www.econbiz.de/10010266672
Using a symmetric 2-person prisoners' dilemma as the base game, each player receives a signal for the number of rounds to be played with the same partner. The actual number of rounds (the length of the supergame) is determined by the maximal signal where each player expects the other's signal to...
Persistent link: https://www.econbiz.de/10010271839
We examine in an experiment the causes, consequences and possible cures of myopic loss aversion (MLA) for investment …
Persistent link: https://www.econbiz.de/10005090568
Unlike previous attempts to implement cooperation in a prisoners' dilemma game with an infinite horizon in the laboratory, we focus on extended prisoners' dilemma games in which a second (pure strategy) equilibrium allows for voluntary cooperation in all but the last round. Our four main...
Persistent link: https://www.econbiz.de/10005051034
making in teams. I find in an investment experiment that individual decisions with salient group membership are largely the …
Persistent link: https://www.econbiz.de/10005032010