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Perfect-Substitutes, Best-Shot, and Weakest-Link Contests between Groups

Sheremeta, Roman - Volkswirtschaftliche Fakultät, … - 2011

This experiment investigates contests between groups. Each group has one strong player, with a higher valuation for the …

Persistent link: https://www.econbiz.de/10011111607

Communication and Efficiency in Competitive Coordination Games

Cason, Timothy; Sheremeta, Roman; Zhang, Jingjing - Volkswirtschaftliche Fakultät, … - 2012

with Pareto-ranked equilibria. We report an experiment in which two groups compete in a weakest-link contest by expending …. As a result, intra-group communication decreases while inter-group communication increases payoffs. Our experiment thus …

Persistent link: https://www.econbiz.de/10011113027

Experimental Comparison of Multi-Stage and One-Stage Contests

Sheremeta, Roman - Volkswirtschaftliche Fakultät, … - 2009

first stage but not in the second stage. Our experiment provides evidence that winning is a component in a subject’s utility …

Persistent link: https://www.econbiz.de/10011258638

Resource Allocation Contests: Experimental Evidence

Shupp, Robert; Sheremeta, Roman - Volkswirtschaftliche Fakultät, … - 2013

potentially divisible resource. We design an experiment to compare individuals’ decisions across three resource allocation …

Persistent link: https://www.econbiz.de/10011259038

Do Women Panic More Than Men? An Experimental Study on Financial Decision

Kiss, Hubert Janos; Rodriguez-Lara, Ismael; … - Volkswirtschaftliche Fakultät, … - 2014

We report experimental evidence on gender differences in financial decision that involves three depositors choosing between waiting or withdrawing their money from a common bank. We find that the position in the line, the fact of being observed and the observed decisions are key determinants to...

Persistent link: https://www.econbiz.de/10011259526

You Can’t Put Old Wine in New Bottles: The Effect of Newcomers on Coordination in Groups

McCarter, Matthew; Sheremeta, Roman - Volkswirtschaftliche Fakultät, … - 2013

of member change on performance? To answer these questions we conduct an experiment in which we investigate the effect of … first part of the experiment, and then two members of the group are replaced with new participants, and the newly formed … group plays the game for the second part of the experiment. Our results show that the arrival of newcomers decreases trust …

Persistent link: https://www.econbiz.de/10011259957

Team Reasoning as a Guide to Coordination

Lahno, Amrei Marie; Lahno, Bernd - Volkswirtschaftliche Fakultät, … - 2014

resulting restrictions in using private information. We report results from a laboratory experiment in which teams were given a …

Persistent link: https://www.econbiz.de/10011108615

Overbidding and overspreading in rent-seeking experiments: Cost structure and prize allocation rules

Chowdhury, Subhasish; Sheremeta, Roman; Turocy, Theodore - Volkswirtschaftliche Fakultät, … - 2014

We study experimentally the effects of cost structure and prize allocation rules on the performance of rent-seeking contests. Most previous studies use a lottery prize rule and linear cost, and find both overbidding relative to the Nash equilibrium prediction and significant variation of...

Persistent link: https://www.econbiz.de/10011109043

Behavior in Contests

Sheremeta, Roman - Volkswirtschaftliche Fakultät, … - 2014

Standard theoretical prediction is that rational economic agents participating in rent-seeking contests should engage in socially inefficient behavior by exerting costly efforts. Experimental studies find that the actual efforts of participants are significantly higher than predicted and that...

Persistent link: https://www.econbiz.de/10011109372

Behavioral Spillovers in Coordination Games

Cason, Timothy; Savikhin, Anya; Sheremeta, Roman - Volkswirtschaftliche Fakultät, … - 2011

Motivated by problems of coordination failure observed in weak-link games, we experimentally investigate behavioral spillovers for minimum- and median-effort coordination games. Subjects play these coordination games simultaneously and sequentially. The results show that successful coordination...

Persistent link: https://www.econbiz.de/10011109994