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Lawyers as Agents of the Devil in a Prisoner's Dilemma Game : Evidence from Long Run Play
Ashenfelter, Orley - 2013
Do the parties in a typical dispute face incentives similar to those in the classic prisoner's dilemma game? In this paper, we explore whether the costs and benefits of legal representation are such that each party seeks legal representation in the hope of exploiting the other party, while...
Persistent link: https://www.econbiz.de/10013086298
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The Information Pharms Race and Competitive Dynamics of Precision Medicine : Insights from Game Theory
Berndt, Ernst R. - 2017
Precision medicines inherently fragment treatment populations, generating small-population markets, creating high-priced "niche busters" rather than broadly prescribed "blockbusters". It is plausible to expect that small markets will attract limited entry in which a small number of...
Persistent link: https://www.econbiz.de/10012943199
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Friend or Foe? A Natural Experiment of the Prisoner's Dilemma
List, John A. - 2010
This study examines data drawn from the game show Friend or Foe?, which is similar to the classic prisoner%u2019s dilemma tale: partnerships are endogenously determined, players work together to earn money, after which, they play a one-shot prisoner%u2019s dilemma game over large stakes: varying...
Persistent link: https://www.econbiz.de/10012761706
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Deterministic and Stochastic Prisoner'S Dilemma Games : Experiments in Interdependent Security
Kunreuther, Howard; Silvasi, Gabriel; Bradlow, Eric; … - 2021
This paper examines experiments on interdependent security prisoner's dilemma games with repeated play. By utilizing a Bayesian hierarchical model, we examine how subjects make investment decisions as a function of their previous experience and their treatment condition. Our main findings are...
Persistent link: https://www.econbiz.de/10013224436
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Social Learning and Coordination in High-Stakes Games : Evidence from Friend or Foe
Oberholzer-Gee, Felix; Waldfogel, Joel; White, Matthew W. - 2021
We analyze the behavior of game-show contestants who play a one-shot game called Friend or Foe. While it is a weakly dominant strategy not to cooperate, almost half the contestants on the show choose to play friend.' Remarkably, the behavior of contestants remains unchanged even when stakes are...
Persistent link: https://www.econbiz.de/10013232880
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Lawyers as Agents of the Devil in a Prisoner'S Dilemma Game
Ashenfelter, Orley; Bloom, David E. - 2021
The goal of this paper is to explore the possibility that the costs and benefits of legal representation are structured so that each individual party seeks legal representation in the hope of exploiting the other party, while knowing full well that failing to do so will open up the possibility...
Persistent link: https://www.econbiz.de/10013245317
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Collective Action : Experimental Evidence
Anauati, Maria Victoria - 2015
We conducted a laboratory experiment to test the comparative statics predictions of a new approach to collective action games based on the method of stability sets. We find robust support for the main theoretical predictions. As we increase the payoff of a successful collective action (accruing...
Persistent link: https://www.econbiz.de/10013028558
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Voluntary Public Goods Provision, Coalition Formation, and Uncertainty
Burger, Nick - 2009
coalitions to provide public goods. Theory is ambiguous on the equilibrium coalition size and contribution rates. We examine the … emergence of coalitions, their size, and how uncertainty in public goods provision affects contribution levels and coalition … coalition to provide the good. Contrary a core theoretical result, we find that coalition size increases when the public good …
Persistent link: https://www.econbiz.de/10013153581
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Coalition Formation in Political Games
Acemoglu, Daron - 2006
We study the formation of a ruling coalition in political environments. Each individual is endowed with a level of … political power. The ruling coalition consists of a subset of the individuals in the society and decides the distribution of … resources. A ruling coalition needs to contain enough powerful members to win against any alternative coalition that may …
Persistent link: https://www.econbiz.de/10012778980
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Demographic Patterns and Household Saving in China
Curtis, Chadwick - 2011
This paper studies the effect that changing demographic patterns have had on the household saving rate in China. We undertake a quantitative investigation using an overlapping generations (OLG) model where agents live for 85 years. Consumers begin to exercise decision making when they are 18....
Persistent link: https://www.econbiz.de/10013129127