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Imitation - Theory and Experimental Evidence -

Apesteguia, Jose; Huck, Steffen; Oechssler, Jörg - 2005

laboratory experiment we test the different theories by systematically varying information conditions. We find significant … effects of seemingly innocent changes in information. Moreover, the generalized imitation model predicts the differences …

Persistent link: https://www.econbiz.de/10011422119

Imitation and the Evolution of Walrasian Behavior: Theoretically Fragile but Behaviorally Robust

Apesteguia, Jose; Huck, Steffen; Oechssler, Jörg; … - 2007

A well-known result by Vega-Redondo implies that in symmetric Cournot oligopoly, imitation leads to the Walrasian outcome where price equals marginal cost. In this paper we show that this result is not robust to the slightest asymmetry in fixed costs. Instead of obtaining the Walrasian outcome...

Persistent link: https://www.econbiz.de/10011422170

Does Information Matter? Some Experimental Evidence from a Common-Pool Resource Game

Apesteguia, Jose - 2001

This paper analyzes the effect of the availability of information about the payoff structure on the behavior of players … in a Common-Pool Resource game. Six groups of six individuals played a complete information game, while other six groups … played the same game but with no information about the payoff function. It will be shown that the patterns of investment …

Persistent link: https://www.econbiz.de/10010317639

The Two-Person Harvard Game: An Experimental Analysis

Apesteguia, Jose - 2001

Two subjects have to repeatedly choose between two alternatives, A and B, where payoffs of an A or B-choice depend on the choices made by both players in a number of previous choices. Locally, alternative A gives always more payoff than alternative B. However, in terms of overall payoffs...

Persistent link: https://www.econbiz.de/10010317676