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The Decision Maker Matters: Individual versus Group Behaviour in Experimental Beauty-Contest Games
Kocher, Martin G.; Sutter, Matthias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2004
Economics has devoted little attention so far as to whether the type of decision maker matters for economic decisions. However, many important decisions like those on monetary policy or a company’s business strategy are made by (small) groups rather than an individual. We compare behaviour of...
Persistent link: https://www.econbiz.de/10005866848
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Cross-Game Learning and Cognitive Ability in Auctions
Giebe, Thomas; Kocher, Martin G.; Schudy, Simeon; … - 2021
study experimentally to what extent cross-game learning can reduce overbidding in SPAs, taking into account cognitive skills … losses from high bids are more salient than in SPAs. Experience in FPAs causes substantial cross-game learning for … bid shading by cognitively more able participants, resulting in lower profits in FPAs. Thus, cross-game learning has the …
Persistent link: https://www.econbiz.de/10013314693
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The Decision Maker Matters: Individual versus Group Behaviour in Experimental Beauty-Contest Games
Kocher, Martin G.; Sutter, Matthias - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2004
Economics has devoted little attention so far as to whether the type of decision maker matters for economic decisions. However, many important decisions like those on monetary policy or a company's business strategy are made by (small) groups rather than an individual. We compare behaviour of...
Persistent link: https://www.econbiz.de/10005765178
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Bargaining under Time Pressure
Karagözoglu, Emin; Kocher, Martin G. - 2015
We experimentally investigate the effect of time pressure in a rich-context, unstructured bargaining game with earned status and competing reference points. Our results show that average opening proposals, concessions, and agreed shares are very similar across different levels of time pressure....
Persistent link: https://www.econbiz.de/10011431227
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Bargaining under time pressure
Karagözoğlu, Emin; Kocher, Martin G. - 2015
We experimentally investigate the effect of time pressure in a rich-context, unstructured bargaining game with earned status and competing reference points. Our results show that average opening proposals, concessions, and agreed shares are very similar across different levels of time pressure....
Persistent link: https://www.econbiz.de/10011498371
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Bargaining under time pressure in an experimental ultimatum game
Sutter, Matthias; Kocher, Martin G.; Strauß, Sabine - Volkswirtschaftliche Fakultät, … - 2003
Persistent link: https://www.econbiz.de/10011019608
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Bargaining Under Time Pressure
Karagözoğlu, Emin - 2016
We experimentally investigate the effect of time pressure in a rich-context, unstructured bargaining game with earned status and competing reference points. Our results show that average opening proposals, concessions, and agreed shares are very similar across different levels of time pressure....
Persistent link: https://www.econbiz.de/10012999773
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Choosing the carrot or the stick? Endogenous institutional choice in social dilemma situations
Sutter, Matthias; Haigner, Stefan; Kocher, Martin G. - 2008
We analyze an experimental public goods game in which group members can endogenously determine whether they want to supplement a standard voluntary contribution mechanism with the possibility of rewarding or punishing other group members. We find a large and positive effect of endogenous...
Persistent link: https://www.econbiz.de/10010293404
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Conditional cooperation on three continents
Kocher, Martin G.; Cherry, Todd; Kroll, Stephan; … - 2007
We show in a public goods experiment on three continents that conditional cooperation is a universal behavioral regularity. Yet, the number of conditional cooperators and the extent of conditional cooperation are much higher in the U.S.A. than anywhere else.
Persistent link: https://www.econbiz.de/10010293430
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Testing a forgotten aspect of Akerlof's gift exchange hypothesis: Relational contracts with individual and uniform wages
Kocher, Martin G.; Luhan, Wolfgang J.; Sutter, Matthias - 2012
Empirical work on Akerlof's theory of gift exchange in labor markets has concentrated on the fair wage-effort hypothesis. In fact, however, the theory also contains a social component that stipulates that homogenous agents that are employed for the same wage level will exert more effort,...
Persistent link: https://www.econbiz.de/10010294837