Showing 1 - 8 of 8
The goal of this paper is to provide an overview on the Virtual Laboratory infrastructurefor online economic experiments. We summarize our experience gainedfrom performing several economic experiments on the Internet. The experimentswe have run range from electronic markets to individual...
Persistent link: https://www.econbiz.de/10005867014
In a large scale newspaper experiment 5,132 readers of the German weekly, Die Zeit, participated in a three-person bargaining game. In our data analysis we focus on (1) the influence of age, gender, profession and the medium chosen for participation on bargaining behavior and on (2) the external...
Persistent link: https://www.econbiz.de/10005866720
It is commonly accepted that face-to-face communication inducescooperation. The experiment disentangles communication and socialeffect (replication of Roth, 1995) and examines the components of thesocial effect with the help of unilateral communication. Results suggestthat separate processes,...
Persistent link: https://www.econbiz.de/10005866761
In dieser Arbeit wird die gemeinschaftliche Produktion eines Informationsgutes unter besondererBerücksichtigung des Reputationsmechanismus am Beispiel von Ciao.com empirischuntersucht. Es werden die Mechanismen der erfolgreichen Interaktion zwischen privaten Personen,die zur gemeinschaftlichen...
Persistent link: https://www.econbiz.de/10005866819
This paper provides an overview on the simulations andexperiments we have done in order to better understandhuman-agent interaction in a market environment. We findthat the introduction of software agents does not necessarilyinduce a more efficient market. More surprisingly,information on the...
Persistent link: https://www.econbiz.de/10005866907
This paper studies how software agents influence the market behavior ofhuman traders. Programmed traders with a passive arbitrage seekingstrategy are introduced in a double auction market experiment with humansubjects in the laboratory. As a treatment variable, the influence ofinformation on the...
Persistent link: https://www.econbiz.de/10005867001
In a large scale newspaper experiment 5,132 readers of the German weekly, Die Zeit, participated in a three-person bargaining game. In our data analysis we focus on (1) the influence of age, gender, profession and the medium chosen for participation on bargaining behavior and on (2) the external...
Persistent link: https://www.econbiz.de/10005867078
For the Euro 2000 Soccer Championships an experimental asset market was conducted, with traders buying and selling contracts on the winners of individual matches. Market-generated probabilites are compared to professional bet quotas, and factors that are responsible for the quality of the market...
Persistent link: https://www.econbiz.de/10005867080