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Human communication in organizations often involves a large amount of gossiping about others. Here we study in an …
Persistent link: https://www.econbiz.de/10011420430
Efficient coordination is a major source of efficiency gains. We study in an experimental coordination game with 718 …
Persistent link: https://www.econbiz.de/10015145549
Persistent link: https://www.econbiz.de/10008655401
The need for efficient coordination is ubiquitous in organizations and industries. The literature on the determinants … of efficient coordination has focused on individual decision-making so far. In reality, however, teams often have to … coordinate with other teams. We present an experiment with 825 participants, using six different coordination games, where either …
Persistent link: https://www.econbiz.de/10009733222
In our experimental setting, participants face the decision to invest into two assets which are subject to correlated information. While fundamental states and signals about fundamental states are correlated, success and default of the investment projects is determined separately. Nevertheless,...
Persistent link: https://www.econbiz.de/10011719838
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direct and indirect connections. In addition to forming (costly) links, agents choose actions for a coordination game that … determines the level of decay of each link. We address the issues of coordination (long-run equilibrium selection) and network … risk-dominance play a crucial role in the long-run behavior of the system. -- coordination ; networks ; risk …
Persistent link: https://www.econbiz.de/10009735339
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We analyze the strategic decision of firms to voluntarily certify corporate social responsibility (CSR) practices in a context where other firms can falsely pretend to be socially responsible. Equilibrium outcomes are crucially determined by consumers' beliefs about the credibility of firms' CSR...
Persistent link: https://www.econbiz.de/10010362253
In a duopoly market, aspiration levels express how much sellers want to earn given their expectations about the other's behavior. We augment the sellers' decision task by eliciting their profit aspiration. In a first experimental phase, whenever satisficing is not possible, sales choices, point...
Persistent link: https://www.econbiz.de/10009734685