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Learning in Tournaments with Inter-Generational Advice
Chaudhuri, Ananish; Sopher, Barry; Schotter, Andrew - In: Economics Bulletin 3 (2006) 26, pp. 1-16
) receive advice from that predecessor via free-form messages that generation t players leave for their generation t+1 … successors. We find that the presence of advice makes a difference in that the experimental groups who get advice perform better … with no recourse to such advice. …
Persistent link: https://www.econbiz.de/10005196499
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Peer advice in a tax-evasion experiment
Wakolbinger, Florian; Haigner, Stefan Daniel - In: Economics Bulletin 29 (2009) 3, pp. 1653-1669
We examine peer effects in a tax-evasion experiment where subjects receive either advice or compliance data from …. Receiving advice or compliance data from the pool of low-compliance participants yields the lowest compliance rates. We show … that advice has a slightly bigger impact than observing the compliance of others and that subjects focus on payoff …
Persistent link: https://www.econbiz.de/10008563050
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Social capabilities in Alzheimer’s patients
Bosch-Domènech, Antoni; Nagel, Rosemarie; … - Department of Economics and Business, Universitat … - 2007
Patients with stage-I (very mild and mild) Alzheimer’s disease were asked to participate in a Dictator Game, a type of game in which a subject has to decide how to allocate a certain amount of money between himself and another person. The game enables the experimenter to examine the influence...
Persistent link: https://www.econbiz.de/10005827509
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The Present and Future of Game Theory
Shubik, Martin - Cowles Foundation for Research in Economics, Yale University - 2011
A broad nontechnical coverage of many of the developments in game theory since the 1950s is given together with some comments on important open problems and where some of the developments may take place. The nearly 90 references given serve only as a minimal guide to the many thousands of books...
Persistent link: https://www.econbiz.de/10009204991
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Can fear cause economic collapse? Insights from an experimental study
Guarino, Antonio; Huck, Steffen; Jeitschko, Thomas D. - Abteilung "Marktprozesse und Steuerung", … - 2004
We study the behavior of experimental subjects who have to make a sequence of risky investment decisions in the presence of network externalities. Subjects follow a simple heuristic – investing after positive experiences and reducing their propensity to invest after a failure. This result...
Persistent link: https://www.econbiz.de/10009367854
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Signaling in deterministic and stochastic settings
Jeitschko, Thomas D.; Normann, Hans-Theo - Düsseldorf Institute for Competition Economics (DICE), … - 2011
We contrast a standard deterministic signaling game with one where the signal-generating mechanism is stochastic. With stochastic signals a unique equilibrium emerges that involves separation and has intuitive comparative-static properties as the degree of signaling depends on the prior type...
Persistent link: https://www.econbiz.de/10009368116
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Group Composition and Conditional Cooperation
Smith, Alexander - Department of Economics, University of Calgary - 2010
This paper examines how group composition affects conditional cooperation in a repeated voluntary contribution mechanism linear public good game. Identity was created using a team-building activity and subjects were assigned to groups of six consisting of a varying number of subjects from two...
Persistent link: https://www.econbiz.de/10008595869
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The Rapid Evolution of Homo Economicus: Brief Exposure to Neoclassical Assumptions Increases Self-Interested Behavior
Ifcher, John; Zarghamee, Homa - 2016
Economics students have been shown to exhibit more selfishness than other students. Because the literature identifies the impact of long-term exposure to economics instruction (e.g., taking a course), it cannot isolate the specific course content responsible; nor can selection, peer effects, or...
Persistent link: https://www.econbiz.de/10011559599
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Who knows it is a game? On strategic awareness and cognitive ability
Fehr, Dietmar; Huck, Steffen - 2014
We introduce the notion of strategic awareness in experimental games which captures the idea that subjects realize they are playing a game and thus have to form beliefs about others' actions. The concept differs from both, rule understanding and rationality. We then turn to experimental evidence...
Persistent link: https://www.econbiz.de/10011298719
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Fairness and the optimal allocation of ownership rights
Fehr, Ernst; Kremhelmer, Susanne; Schmidt, Klaus M. - 2005
We report on several experiments on the optimal allocation of ownership rights. The experiments confirm the property rights approach by showing that the ownership structure affects relationship-specific investments and that subjects attain the most efficient ownership allocation despite starting...
Persistent link: https://www.econbiz.de/10010261192