Showing 1 - 10 of 36
' strategies are far less sensitive. In most treatments the R&D races tend to converge to entrenched leadership. Investment is …
Persistent link: https://www.econbiz.de/10004968057
The extensive form game we study has multiple perfect equilibria, but it has a unique limiting logit equilibrium (QRE) and a unique level-k prediction as k approaches infinity. The convergence paths of QRE and level-k are different, but they converge to the same limit point. We analyze whether...
Persistent link: https://www.econbiz.de/10010785195
' strategies are far less sensitive. In most treatments the R&D races tend to converge to entrenched leadership. Investment is …
Persistent link: https://www.econbiz.de/10005001434
are far less sensitive. In most treatments, the R&D races tend to converge to entrenched leadership. Investment is highest …
Persistent link: https://www.econbiz.de/10005150908
are far less sensitive. In most treatments, the R&D races tend to converge to entrenched leadership. Investment is highest …
Persistent link: https://www.econbiz.de/10010552256
This paper studies the relevance of equilibrium and nonequilibrium explanations of behavior, with respects to equilibrium refinement, as players gain experience. We investigate this experimentally using an incomplete information sequential move game with heterogeneous preferences and multiple...
Persistent link: https://www.econbiz.de/10010571487
authorities. However, differences in economic analysis are not the only reason for alternative decisions. We conduct an experiment … proof, volumes of evidence, cost of error and professional training. The experiment was conducted on current practitioners …
Persistent link: https://www.econbiz.de/10010571504
experiment affects risk taking. We find some evidence of imitation of the risk taking behavior of others that is distinct from …The paper reports the result of an experimental game on asset integration and risk taking. We find evidence that … winnings in earlier rounds affect risk taking in subsequent rounds, but no evidence that real life wealth outside the …
Persistent link: https://www.econbiz.de/10011084146
experiment affects risk taking. We and some evidence of imitation of the risk taking behavior of others that is distinct from …The paper reports the result of an experimental game on asset integration and risk taking. We find evidence that … winnings in earlier rounds affect risk taking in subsequent rounds, but no evidence that real life wealth outside the …
Persistent link: https://www.econbiz.de/10010890956
expectation. Rational expectations are shown to be a special (limiting) case of inferential expectations, with the test size alpha … becoming a metric for rationality. We present the results of an experiment that supports inferential expectations. When …
Persistent link: https://www.econbiz.de/10005430317