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Pre-play communication with forgone costly messages: Experimental evidence on forward induction

Blume, Andreas; Kriss, Peter H.; Weber, Roberto - 2014

We study communication in a two-player coordination game with Pareto-ranked equilibria. Prior research demonstrates … that efficient coordination is difficult without communication but obtains regularly with (mandatory) costless pre …-play messages. In a laboratory experiment, we modify communication by making the sending of messages optional and costly. Even small …

Persistent link: https://www.econbiz.de/10011282459

Coordination, efficiency and pre-play communication with forgone costly messages

Kriss, Peter H.; Blume, Andreas; Weber, Roberto A. - 2011

We examine communication in a two-player coordination game with Pareto-ranked equilibria. Prior research demonstrates … that efficient coordination is difficult without communication but obtains regularly with (mandatory) costless pre …-play messages. In a laboratory experiment, we introduce two realistic features of communication by making the sending of messages …

Persistent link: https://www.econbiz.de/10010316867

Strategic Reasoning in Persuasion Games: An Experiment

Schipper, Burkhard C.; Li, Ying Xue - 2018

We study experimentally persuasion games in which a sender (e.g., a seller) with private information provides verifiable but potentially vague information (e.g., about the quality of a product) to a receiver (e.g., a buyer). Various theoretical solution concepts such as sequential equilibrium or...

Persistent link: https://www.econbiz.de/10011936493

Public discourse and socially responsible market behavior

Bartling, Björn; Valero, Vanessa; Weber, Roberto A.; … - 2020

We investigate the causal impact of public discourse on socially responsible market behavior. We conduct laboratory market experiments with products that differ in their production costs and social impact, and provide market actors and impacted third parties with the opportunity to discuss...

Persistent link: https://www.econbiz.de/10012284780

To work or not to work: The economics of a mother's dilemma

Hotchkiss, Julie L.; Pitts, M. Melinda; Walker, Mary Beth - 2011

Utilizing linked vital statistics, administrative employer, and state welfare records, the analysis in this paper investigates the determinants of a woman's intermittent labor force decision at the time of a major life event: the birth of a child. The results indicate that both direct and...

Persistent link: https://www.econbiz.de/10010292367

Large effects of small cues: Priming selfish economic decisions

Snir, Avichai; Levy, Dudi; Wang, Dian; Chen, Haipeng; … - 2024

Many experimental studies report that economics students tend to act more selfishly than students of other disciplines, a finding that received widespread public and professional attention. Two main explanations that the existing literature offers for the differences found in the behavior...

Persistent link: https://www.econbiz.de/10014577216

Prosociality predicts health behaviors during the COVID-19 pandemic

Campos-Mercade, Pol; Meier, Armando N.; Schneider, … - 2020

Socially responsible behavior is crucial for slowing the spread of infectious diseases. However, economic and epidemiological models of disease transmission abstract from prosocial motivations as a driver of behaviors that impact the health of others. In an incentivized study, we show that a...

Persistent link: https://www.econbiz.de/10012224938

Strength of preference and decision making under risk

Alós-Ferrer, Carlos; Garagnani, Michele - 2020

Influential economic approaches as random utility models or quantal-response equilibria assume a monotonic relation between error rates and choice difficulty or "strength of preference", in line with widespread evidence from discrimination tasks in psychology and neuroscience. However, while the...

Persistent link: https://www.econbiz.de/10012244619

Stochastic choice and preference reversals

Alós-Ferrer, Carlos; Buckenmaier, Johannes; Garagnani, … - 2020

The preference reversal phenomenon is one of the most important, long-standing, and widespread anomalies contradicting economic models of decisions under risk. It describes the robust observation of frequent "standard reversals" where long-shot gambles are valued above moderate ones but then the...

Persistent link: https://www.econbiz.de/10012420682

Strength of preference and decisions under risk

Alós-Ferrer, Carlos; Garagnani, Michele - 2022

Influential economic approaches as random utility models assume a monotonic relation between choice frequencies and "strength of preference," in line with widespread evidence from the cognitive sciences, which also document an inverse relation to response times. However, for economic decisions...

Persistent link: https://www.econbiz.de/10013164128

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