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In this paper we develop tests for whether play in a game is consistent with equilibrium behavior when preferences are unobserved. We provide necessary and sufficient conditions for observed outcomes in extensive game forms to be rationalized first, partially, as a Nash equilibrium and then,...
Persistent link: https://www.econbiz.de/10010318885
-level reasoning in later rounds of the experiments. Participants display difficulties in transferring learning to unravel in a game …
Persistent link: https://www.econbiz.de/10011936493
It is well known that communication often serves as a facilitator for cooperation in static games. Yet, communication can serve entirely different purposes in dynamic settings as communication during the game may work as a means for renegotiation, potentially undermining the credibility of...
Persistent link: https://www.econbiz.de/10013208509
explore the effectiveness of two policies intended to facilitate such integration, using a laboratory experiment that models …
Persistent link: https://www.econbiz.de/10011282460
This paper examines whether and how cheap talk communication can facilitate within-group coordination when two unequal sized groups compete for a prize that is shared equally among members of the winning group, regardless of their (costly) contributions to the group's success. We find that...
Persistent link: https://www.econbiz.de/10010316824
, using a laboratory experiment, the effectiveness of two regularly-employed entry restrictions: entry quotas and entry exams …
Persistent link: https://www.econbiz.de/10010316829
We report experiments designed to test between Nash equilibria that are stable and unstable under learning. The 'TASP …
Persistent link: https://www.econbiz.de/10010288137
We report laboratory experiments that use new, visually oriented software to explore the dynamics of 3 x 3 games with …
Persistent link: https://www.econbiz.de/10010288147
We report results from an experiment in which humans repeatedly play one of two games against a computer program that … follows either a reinforcement or an experience weighted attraction learning algorithm. Our experiment shows these learning …
Persistent link: https://www.econbiz.de/10010892098
strategic belief manipulation and a novel experiment in which we replicate Di Tella, et al.'s, experiment and also elicit the …
Persistent link: https://www.econbiz.de/10011993805