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Costless and non-binding pre-play communication (cheap talk) has been found to often be effective in achieving efficient outcomes in experimental games. However, in previous two-player experimental games each player was informed about both his payoff and the action of the other player in the...
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In this paper, we describe a series of laboratory experiments that implement specific examples of a more general network structure and we examine equilibrium selection. Specifically, actions are either strategic substitutes or strategic complements, and participants have either complete or...
Persistent link: https://www.econbiz.de/10010344833
Eliciting social norms is essential for understanding a range of behaviors in economic contexts. This paper reviews key …
Persistent link: https://www.econbiz.de/10015396771
This paper reports the results of experiments designed to test whether and to what extent individuals succumb to the …
Persistent link: https://www.econbiz.de/10014216837
We explore the effects of social distance in experiments conducted over the Internet on three continents, in classroom laboratory sessions conducted in Israel and Spain, and in computer sessions pairing participants from different states-one in Texas and the other in California. Our design...
Persistent link: https://www.econbiz.de/10014116419
We test experimentally an explanation of over and under confidence as motivated by (perhaps unconscious) strategic … others ́statements of confidence about how well they have scored on an IQ test. In two-player tournaments where the highest …
Persistent link: https://www.econbiz.de/10010223063
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In experiments with two-person sequential games we analyze whether responses to favorable and unfavorable actions depend on the elicitation procedure. In our 'hot' treatment the second player responds to the first player's observed action while in our 'cold' treatment we follow the 'strategy...
Persistent link: https://www.econbiz.de/10014208299
We conduct laboratory experiments to investigate the effects of deterrence mechanisms under controlled conditions. The effect of the expected cost of punishment of an individual's decision to engage in a proscribed activity and the effect of uncertainty on an individual's decision to commit a...
Persistent link: https://www.econbiz.de/10014209375