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Equilibrium Selection in Cheap Talk Games : ACDC Rocks When Other Criteria Remain Silent
de Groot Ruiz, Adrian; Offerman, T. J. S.; Onderstal, Sander - 2012
In the past, many refinements have been proposed to select equilibria in cheap talk games. Usually, these refinements were motivated by a discussion of how rational agents would reason in some particular cheap talk games. In this paper, we propose a behavioral refinement and stability measure...
Persistent link: https://www.econbiz.de/10014185948
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Power and the Privilege of Clarity : An Analysis of Bargaining Power and Information Transmission
de Groot Ruiz, Adrian; Offerman, T. J. S.; Onderstal, Sander - 2012
how power shapes clarity of communication. We analyze information transmission in a cheap talk bargaining game between an …
Persistent link: https://www.econbiz.de/10014184653
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Equilibrium Selection in Cheap Talk Games: ACDC rocks when Other Criteria remain silent
de Groot Ruiz, Adrian; Offerman, Theo; Onderstal, Sander - 2011
Currently no refinement exists that successfully selects equilibria across a wider range of Cheap Talk games. We propose a generalization of refinements based on credible deviations, such as neologism proofness and announcement proofness. According to our Average Credible Deviation Criterion...
Persistent link: https://www.econbiz.de/10010325937
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Can Communication Mitigate Strategic Delays in Investment Timing?
Mermer, Ayse Gül; Onderstal, Sander; Sonnemans, Joep - 2022
experiment, while coordination failures emerge in the following periods sweeping away the beneficial effect of communication at … others creating socially suboptimal outcomes. We investigate if and how communication mitigates the strategic delay in … introducing communication into this setting reduces strategic delay. We implement our model in a laboratory experiment utilizing a …
Persistent link: https://www.econbiz.de/10013427592
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Power and the Privilege of Clarity: An Analysis of Bargaining Power and Information Transmission
de Groot Ruiz, Adrian; Offerman, Theo; Onderstal, Sander - 2011
We provide a game theoretic analysis of how power shapes the clarity of communication. We analyze information … by an experiment. Finally, we show how partial information transmission can lead to communication failure, and show how …
Persistent link: https://www.econbiz.de/10010325901
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An Experimental Study of Credible Deviations and ACDC
de Groot Ruiz, Adrian; Offerman, Theo; Onderstal, Sander - 2011
We test the Average Credible Deviation Criterion (ACDC), a stability measure and refinement for cheap talk equilibria introduced in De Groot Ruiz, Offerman & Onderstal (2011b). ACDC has been shown to be predictive under general conditions and to organize data well in previous experiments meant...
Persistent link: https://www.econbiz.de/10010326221
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Can Communication Mitigate Strategic Delays in Investment Timing?
Mermer, Ayse Gül; Onderstal, Sander; Sonnemans, Joep - 2023
how communication mitigates this free-riding problem in an investment-timing game. In our baseline investment-timing game …. If more investors invest at the same time, they share the costs. In the communication treatment, subjects can freely … communicate before choosing the investment time. We find that in groups of two players, communication increases cooperation and …
Persistent link: https://www.econbiz.de/10014321806
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Equilibrium Selection in Experimental Cheap Talk Games
de Groot Ruiz, Adrian; Offerman, Theo; Onderstal, Sander - 2015
In the past, many refinements have been proposed to select equilibria in cheap talk games. Usually, these refinements were motivated by a discussion of how rational agents would reason in some particular cheap talk games. In this paper, we propose a new refinement and stability measure that is...
Persistent link: https://www.econbiz.de/10010491401
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An Experimental Study of Credible Deviations and ACDC
de Groot Ruiz, Adrian - 2012
We test the Average Credible Deviation Criterion (ACDC), a stability measure and refinement for cheap talk equilibria introduced in De Groot Ruiz, Offerman & Onderstal (2012a). ACDC has been shown to be predictive under general conditions and to organize data well in previous experiments meant...
Persistent link: https://www.econbiz.de/10013113620
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Yes, I'll do it: a large-scale experiment on the volunteer's dilemma
Kopányi-Peuker, Anita - 2018
In many real-life situations people face a simple decision whether to volunteer or not to provide some benefit for themselves and also for others. This research investigates the effects of the group size and the magnitude of the volunteering cost in a controlled large-scale laboratory...
Persistent link: https://www.econbiz.de/10011932343