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The effects of punishment in dynamic public-good games
Guererk, Oezguer; Rockenbach, Bettina; Wolff, Irenaeus - Volkswirtschaftliche Fakultät, … - 2010
Considerable experimental evidence shows that although costly peer-punishment enhances cooperation in repeated public …-good games, heavy punishment in early rounds leads to average period payoffs below the non-cooperative equilibrium benchmark. In … fall prey to a poverty trap or, to avoid this, abstain from punishment altogether. We show that neither is the case …
Persistent link: https://www.econbiz.de/10008536056
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Can Violence Harm Cooperation? Experimental Evidence
De Luca, Giacomo; Sekeris, Petros; Spengler, Dominic - Volkswirtschaftliche Fakultät, … - 2015
While folk theorems for dynamic renewable common pool resource games sustain cooperation as an equilibrium, the possibility of reverting to violence to appropriate the resource destroys the incentives to cooperate, because of the expectation of conflict when resources are sufficiently depleted....
Persistent link: https://www.econbiz.de/10011262754
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Ellsberg Paradox and Second-order Preference Theories on Ambiguity: Some New Experimental Evidence
Yang, Chun-Lei; Yao, Lan - Volkswirtschaftliche Fakultät, … - 2011
We study the two-color problem by Ellsberg (1961) with the modification that the decision maker draws twice with replacement and a different color wins in each draw. The 50-50 risky urn turns out to have the highest risk conceivable among all prospects including the ambiguous one, while all...
Persistent link: https://www.econbiz.de/10008833271
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Contracting under Incomplete Information and Social Preferences: An Experimental Study
Hoppe, Eva I.; Schmitz, Patrick W. - Volkswirtschaftliche Fakultät, … - 2013
cornerstone of contract theory. We have conducted an experiment with 720 participants to explore whether the theoretical insights …
Persistent link: https://www.econbiz.de/10011110481
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Black swan protection: an experimental investigation
Morone, Andrea; Ozdemir, Ozlem - Volkswirtschaftliche Fakultät, … - 2012
This experimental study investigates insurance decisions in low-probability, high-loss risk situations. Results indicate that subjects consider the probability of loss (loss size) when they make buying decisions (paying decisions). Most individuals are risk averse with no specific threshold...
Persistent link: https://www.econbiz.de/10011110638
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Peer Effects and Students’ Self-Control
Buechel, Berno; Mechtenberg, Lydia; Petersen, Julia - Volkswirtschaftliche Fakultät, … - 2014
We conducted a multi-wave field experiment to study the interaction of peer effects and self-control among … then set out to test the theoretical prediction of Battaglini, Bénabou and Tirole (2005) that (only) sufficiently self …
Persistent link: https://www.econbiz.de/10011259285
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Procuring Commodities: Request for Quote or Reverse Auctions?
Shachat, Jason - Volkswirtschaftliche Fakultät, … - 2009
We examine the relative performances of reverse auctions and request for quotes in a simple commodity environment. Enterprises embarking on a reverse auction initiative often start with their commodity purchases. We conduct laboratory experiments and find that this is a poor starting point. Both...
Persistent link: https://www.econbiz.de/10005835680
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Ambiguous Information and Market Entry: An Experimental Study
Brandts, Jordi; Yao, Lan - Volkswirtschaftliche Fakultät, … - 2010
We study experimentally how entry into a market with uncertain capacity is affected by the type of information potential entrants have available. Our focus is on behavior in a two-market entry game. In the risky information market there are two possible market capacities, both known to occur...
Persistent link: https://www.econbiz.de/10008646848
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A hidden Markov model for the detection of pure and mixed strategy play in games
Shachat, Jason; Swarthout, J. Todd; Wei, Lijia - Volkswirtschaftliche Fakultät, … - 2012
between these states. We apply the model to data from an experiment in which human subjects repeatedly play a normal form game …
Persistent link: https://www.econbiz.de/10011108464
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The Role of Emotions on Risk Aversion: A prospect theory experiment
Campos-Vazquez, Raymundo M.; Cuilty, Emilio - Volkswirtschaftliche Fakultät, … - 2013
controlled experiment at two universities in Mexico City, using uncompensated students as research subjects, found results …
Persistent link: https://www.econbiz.de/10011111868