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Equilibrium selection in similar repeated games: Experimental evidence on the role of precedents
Duffy, John; Fehr, Dietmar - 2015
We report on an experiment examining behavior and equilibrium selection in two similar, infinitely repeated games, Stag Hunt and Prisoner's Dilemma under anonymous random matching. We are interested in the role that precedents may play for equilibrium selection between these two stage game...
Persistent link: https://www.econbiz.de/10010478794
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Equilibrium selection in similar repeated games : experimental evidence on the role of precedents
Duffy, John; Fehr, Dietmar - 2015
We report on an experiment examining behavior and equilibrium selection in two similar, infinitely repeated games, Stag Hunt and Prisoner's Dilemma under anonymous random matching. We are interested in the role that precedents may play for equilibrium selection between these two stage game...
Persistent link: https://www.econbiz.de/10010478988
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Equilibrium selection in similar repeated games: Experimental evidence on the role of precedents
Duffy, John; Fehr, Dietmar - Abteilung "Verhalten auf Märkten", … - 2015
We report on an experiment examining behavior and equilibrium selection in two similar, infinitely repeated games, Stag Hunt and Prisoner's Dilemma under anonymous random matching. We are interested in the role that precedents may play for equilibrium selection between these two stage game...
Persistent link: https://www.econbiz.de/10011170354
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Equilibrium Selection in Similar Repeated Games: Experimental Evidence on the Role of Precedents
Duffy, John; Fehr, Dietmar - Department of Economics, University of California-Irvine - 2014
We report on an experiment examining behavior and equilibrium selection in two similar, infinitely repeated games, Stag Hunt and Prisoner's Dilemma under anonymous random matching. We are interested in the role that precedents may play for equilibrium selection between these two stage game...
Persistent link: https://www.econbiz.de/10011099770
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The Power of Sunspots: An Experimental Analysis
Heinemann, Frank; Llorente-Saguer, Aniol; Fehr, Dietmar - 2011
We present an experiment in which extrinsic signals may generate sunspot equilibria. The game has a unique symmetric … non-sunspot equilibrium, which is also risk dominant. Other equilibria can be ordered according to risk dominance. By … Sunspot equilibria emerge naturally, if there are salient (but extrinsic) public signals. However, salient private signals of …
Persistent link: https://www.econbiz.de/10010305959
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Exclusion in the all-pay auction: An experimental investigation
Fehr, Dietmar; Schmid, Julia - 2017
Contest designers or managers who want to maximize the overall revenue of a contest (relative performance scheme) are frequently concerned with a trade-off between contest homogeneity and inclusion of contestants with high valuations. In our experimental study, we find that it is not profitable...
Persistent link: https://www.econbiz.de/10011639356
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Information and beliefs in a repeated normal-form game
Fehr, Dietmar; Kübler, Dorothea; Danz, David - 2008
We study beliefs and choices in a repeated normal-form game. In addition to a baseline treatment with common knowledge of the game structure and feedback about choices in the previous period, we run treatments (i) without feedback about previous play, (ii) with no information about the...
Persistent link: https://www.econbiz.de/10010263726
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Information and beliefs in a repeated normal-form game
Fehr, Dietmar; Kübler, Dorothea; Danz, David - 2008
We study beliefs and choices in a repeated normal-form game. In addition to a baseline treatment with common knowledge of the game structure and feedback about choices in the previous period, we run treatments (i) without feedback about previous play, (ii) with no information about the...
Persistent link: https://www.econbiz.de/10010268780
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Social relationships and trust
Binzel, Christine; Fehr, Dietmar - 2010
While social relationships play an important role for individuals to cope with missing market institutions, they also limit individuals' range of trading partners. This paper aims at understanding the determinants of trust at various social distances when information asymmetries are present....
Persistent link: https://www.econbiz.de/10010270830
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Social relationships and trust
Binzel, Christine; Fehr, Dietmar - 2010
While social relationships play an important role for individuals to cope with missing market institutions, they also limit individuals' range of trading partners. This paper aims at understanding the determinants of trust at various social distances when information asymmetries are present....
Persistent link: https://www.econbiz.de/10010271364