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Signaling in Deterministic and Stochastic Settings
Jeitschko, Thomas D.; Normann, Hans-Theo - Department of Economics, Royal Holloway University of London - 2009
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/10008509455
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The New Hampshire Effect: Behavior in Sequential and Simultaneous Election Contests
Irfanoglu, Zeynep B.; Mago, Shakun D.; Sheremeta, Roman M. - Economic Science Institute (ESI), Argyros School of … - 2014
This experimental study compares sequential and simultaneous election contests. Consistent with the theory, we find evidence of the “New Hampshire effect” in the sequential contests, i.e., the winner of the first electoral battle wins the overall contest with much higher probability than the...
Persistent link: https://www.econbiz.de/10010884877
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Job market signaling and screening: An experimental comparison
Kuebler, Dorothea; Mueller, Wieland; Normann, Hans - Department of Economics, Royal Holloway University of London - 2004
We analyze the Spence education game in experimental markets. We compare a signaling and a screening variant, and we analyze the e¤ect of increasing the number of employers from two to three. In all treatments, there is a strong tendency to separate. More e¢cient workers invest more often and...
Persistent link: https://www.econbiz.de/10005489945
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Agglomeration bonus in small and large local networks: A laboratory examination of spatial coordination
Banerjee, Simanti; Kwasnica, Anthony M.; Shortle, James S. - In: Ecological Economics 84 (2012) C, pp. 142-152
experiments where players are located on circular local networks. The experiments indicate a significant difference in patterns of …
Persistent link: https://www.econbiz.de/10010594438
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An experimental test of the efficacy of a simple reputation mechanism to solve social dilemmas
Stahl, Dale O. - In: Journal of Economic Behavior & Organization 94 (2013) C, pp. 116-124
The evolution of cooperation has been the focus of intense research in the social sciences, natural sciences (especially biology), and even computer science. It has long been recognized that the possibility of future consequences is crucial to the emergence of rational cooperation. It was...
Persistent link: https://www.econbiz.de/10010719256
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Divided Loyalties or Conditional Cooperation? An experimental study of contributions to multiple public goods
McCarter, Matthew W.; Samak, Anya C.; Sheremeta, Roman M. - Economic Science Institute (ESI), Argyros School of … - 2013
It is common in organizational life to be simultaneously involved in multiple collective actions. These collective actions may be modeled using public good dilemmas. The developing social dilemma literature has two perspectives – the “divided loyalties” and “conditional cooperation”...
Persistent link: https://www.econbiz.de/10010817440
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Discrete Rule Learning and the Bidding of the Sexes
Shachat, Jason; Wei, Lijia - Wang Yanan Institute for Studies in Economics (WISE), … - 2013
We present a hidden Markov model of discrete strategic heterogeneity and learning in first price independent private …
Persistent link: https://www.econbiz.de/10010904020
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Humans versus computer algorithms in repeated mixed strategy games
Spiliopoulos, Leonidas - Volkswirtschaftliche Fakultät, … - 2008
estimated EWA learning models which suffered from overfitting. Subjects modified their strategies in the direction of better … response as calculated from CA simulations of various learning models, albeit not perfectly. Examples include the observation …
Persistent link: https://www.econbiz.de/10005789888
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Pattern recognition and subjective belief learning in a repeated constant-sum game
Spiliopoulos, Leonidas - In: Games and Economic Behavior 75 (2012) 2, pp. 921-935
This paper aspires to fill a conspicuous gap in the literature regarding learning in games—the absence of empirical … verification of learning rules involving pattern recognition. Weighted fictitious play is extended to detect two-period patterns in … adequately represent the complete learning process of game players. Additionally, standard weighted fictitious play models are …
Persistent link: https://www.econbiz.de/10011049668
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Beyond fictitious play beliefs: Incorporating pattern recognition and similarity matching
Spiliopoulos, Leonidas - In: Games and Economic Behavior 81 (2013) C, pp. 69-85
estimation is performed on the elicited-belief data from two experiments (Nyarko and Schotter, 2002; Rutström and Wilcox, 2009 …
Persistent link: https://www.econbiz.de/10011049875