Showing 1 - 10 of 268
This paper reports the results of an experiment designed to assess the ability of an incumbent seller to profitably … contracts with the incumbent. When discrimination is impossible, the game resembles a stag-hunt (coordination) game in which the …
Persistent link: https://www.econbiz.de/10005835746
We present an experiment for the study of learning in a complex task which requires both memorisation and the ability … the end of the experiment) the subjects start refining them to include a larger subset of the information, this causes …
Persistent link: https://www.econbiz.de/10014223185
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 on the Pareto optimal equilibrium in the median game influences …
Persistent link: https://www.econbiz.de/10011109994
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
of member change on performance? To answer these questions we conduct an experiment in which we investigate the effect of … newcomers on a group’s ability to coordinate efficiently. Participants play a coordination game in a four-person group for the … first part of the experiment, and then two members of the group are replaced with new participants, and the newly formed …
Persistent link: https://www.econbiz.de/10011259957
Costless pre-play communication has been found to effectively facilitate coordination and enhance efficiency in games … with Pareto-ranked equilibria. We report an experiment in which two groups compete in a weakest-link contest by expending … costly efforts. Allowing intra-group communication leads to more aggressive competition and greater coordination than control …
Persistent link: https://www.econbiz.de/10011113027
, despite the absence of free-riding incentives. In a laboratory experiment, subjects indeed under-contribute relative to …
Persistent link: https://www.econbiz.de/10011109699
potentially divisible resource. We design an experiment to compare individuals’ decisions across three resource allocation …
Persistent link: https://www.econbiz.de/10011259038
This paper examines game theoretic models of coordination conventions. Firstly, the paper shows that static models of … coordination cannot explain the emergence of coordination conventions. The best interpretation of these models is that they study … the conditions under which coordination is possible. The examination of these conditions suggests that history and …
Persistent link: https://www.econbiz.de/10005616791
) experiments on tacit coordination. Section 1 introduces the concept of focal point equilibrium selection in tacit one … design of the intercultural tacit coordination experiment, and section 3 the results. Finally, section 4 presents a very … preliminary discussion of the implications of the experiment’s results in terms of the cultural explanation of focal point …
Persistent link: https://www.econbiz.de/10008550571