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We experimentally study the emergence of networks under a known external threat. To be more specific, we deal with the question if subjects in the role of a strategic Designer are able to form safe and efficient networks while facing a strategic Adversary who is going to attack their networks....
Persistent link: https://www.econbiz.de/10011660635
Using a laboratory experiment, we investigate whether a variety of behaviors in repeated games are related to an array of individual characteristics that are popular in economics: risk attitude, time preference, trust, trustworthiness, altruism, strategic skills in one-shot matrix games,...
Persistent link: https://www.econbiz.de/10010472858
provides a qualitative test that discriminates between the two classes of models. Among subjects identified as ambiguity …
Persistent link: https://www.econbiz.de/10011756091
labora-tory experiments designed to test independence, our experiment systematically tests the entire set of axioms …
Persistent link: https://www.econbiz.de/10012583551
We introduce a novel approach to studying behavior in repeated games - one that is based on the psychology of play. Our approach is based on the following six "aspects" of a player's behavior: round-1 cooperation, lenience, forgiveness, loyalty, leadership, and following. Using a laboratory...
Persistent link: https://www.econbiz.de/10010472880
We study extrapolation between games in a laboratory experiment. Participants in our experiment first play either the dominance solvable guessing game or a Coordination version of the guessing game for five rounds. Afterwards they play a 3x3 normal form game for ten rounds with random matching...
Persistent link: https://www.econbiz.de/10008747644
Substantial evidence has accumulated in recent empirical works on the limited ability of the Nash equilibrium to rationalize observed behavior in many classes of games played by experimental subjects. This realization has led to several attempts aimed at finding tractable equilibrium concepts...
Persistent link: https://www.econbiz.de/10008811006
likely to affect the bidding behavior in first-price (but not second-price) auctions. We test experimentally a setup in which …
Persistent link: https://www.econbiz.de/10010472820
beliefs are widely used in economics. In this paper I experimentally test whether the second assumption is correct. Especially …
Persistent link: https://www.econbiz.de/10010487275
We develop a dynamic resource extraction game that mimics the global multi-generation planning problem for climate change and fossil fuel extraction. We implement the game under different conditions in the laboratory. Compared to a "libertarian" baseline condition, we find that policy...
Persistent link: https://www.econbiz.de/10011737571