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Overbidding and Heterogeneous Behavior in Contest Experiments
Sheremeta, Roman M. - 2013
We provide an overview of experimental literature on lottery contests and point out the two main phenomena observed in most contest experiments: overbidding relative to the standard Nash equilibrium prediction and heterogeneous behavior of ex-ante symmetric contestants. Based on the sample of...
Persistent link: https://www.econbiz.de/10014162119
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Divided Loyalists or Conditional Cooperators? Creating Consensus About Cooperation in Multiple Simultaneous Social Dilemmas
McCarter, Matthew W.; Samek, Anya; Sheremeta, Roman M. - 2017
with different compared to the same group members. We employ a laboratory experiment to create consensus between these …
Persistent link: https://www.econbiz.de/10014142823
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Voluntary contributions with risky and uncertain marginal returns : the importance of the minimal value
Levati, M. Vittoria; Morone, Andrea - 2009
Previous research indicates that risky and uncertain marginal returns from the public good significantly lower contributions. This paper presents experimental results illustrating that the effects of risk and uncertainty depend on the employed parameterization. Specifically, if the value of the...
Persistent link: https://www.econbiz.de/10003887174
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Reputational concerns in repeated rent-seeking contests
Fallucchi, Francesco; Renner, Elke - 2016
We experimentally investigate how reputational concerns affect behavior in repeated Tullock contests by comparing expenditures of participants interacting in fixed groups with the expenditures of participants interacting with randomly changing opponents. When participants receive full...
Persistent link: https://www.econbiz.de/10011456852
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When Identifying Contributors is Costly : An Experiment on Public Goods
Samek, Anya - 2014
question, we design a public goods experiment in which participants can pay a fee to view information about identities and …
Persistent link: https://www.econbiz.de/10013058764
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Recognizing Contributors and Cost of Information : An Experiment on Public Goods
Samek, Anya - 2014
We experimentally investigate the impact of visibility of contributors and cost of information on public good contributions. First, we vary recognizing all, highest or lowest contributors. Second, we investigate the effect of imposing a cost on viewing contributors. Recognizing all contributors...
Persistent link: https://www.econbiz.de/10013063986
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Information feedback and contest structure in rent-seeking games
Fallucchi, Francesco; Renner, Elke; Sefton, Martin - 2012
We investigate the role of information feedback in rent-seeking games with two different contest structures. In the stochastic contest a contestant wins the entire rent with probability equal to her share of rent-seeking expenditures; in the deterministic contest she receives a share of the rent...
Persistent link: https://www.econbiz.de/10009618920
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The attack and defense of weakest-link networks
Kovenock, Daniel J.; Roberson, Brian; Sheremeta, Roman M. - 2010
This paper experimentally examines behavior in a two-player game of attack and defense of a weakest-link network of targets, in which the attacker's objective is to successfully attack at least one target and the defender's objective is diametrically opposed. We apply two benchmark contest...
Persistent link: https://www.econbiz.de/10008697819
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Overbidding and Heterogeneous Behavior in Contest Experiments
Sheremeta, Roman M. - Economic Science Institute (ESI), Argyros School of … - 2013
We provide an overview of experimental literature on contests and point out the two main phenomena observed in most contest experiments- (i) overbidding relative to the standard Nash equilibrium prediction and (ii) heterogeneous behavior of ex-ante symmetric contestants. Based on the sample of...
Persistent link: https://www.econbiz.de/10010817423
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Can Groups Solve the Problem of Over-Bidding in Contests
Sheremeta, Roman M.; Zhang, Jingjing - Economic Science Institute (ESI), Argyros School of … - 2009
This study reports an experiment that examines whether groups can better comply with theoretical predictions than … individuals in contests. Our experiment replicates previous findings that individual players significantly overbid relative to … individual players. The new findings of our experiment are that groups make 25% lower bids, their bids have lower variance, and …
Persistent link: https://www.econbiz.de/10008556045