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Are dyads conditionally cooperative? : evidence from a public goods experiment
Morone, Andrea; Temerario, Tiziana - 2016
We analysed dyads strategies in one-shot public goods game. By means of a laboratory experiment, using a variant of the …
Persistent link: https://www.econbiz.de/10011571212
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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
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Can Groups Solve the Problem of Overbidding in Contests?
Sheremeta, Roman M.; Zhang, Jingjing - Department of Economics, McMaster University - 2009
This paper reports an experiment that examines whether groups can make better decisions than individuals in contests …. Our experiment replicates previous findings that individual players significantly overbid relative to theoretical … players. The new findings of our experiment are that groups make bids that are 25% lower, bids have less variance, and there …
Persistent link: https://www.econbiz.de/10008528454
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The attack and defense of weakest-link networks
Kovenock, Dan; 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/10010274929
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Is dyads' behaviour conditionally cooperative? : evidence from a public goods experiment
Morone, Andrea; Temerario, Tiziana - In: Journal of behavioral and experimental economics 73 (2018), pp. 76-85
Persistent link: https://www.econbiz.de/10012038181
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Recognizing contributors : an experiment on public goods
Samek, Anya Savikhin; Sheremeta, Roman M. - In: Experimental economics : a journal of the Economic … 17 (2014) 4, pp. 673-690
Persistent link: https://www.econbiz.de/10010489728
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Comparison of Mean-Variance Theory and Expected-Utility Theory through a Laboratory Experiment
Morone, Andrea - Max-Planck-Institut für Ökonomik <Jena> - Abteilung … - 2005
In the 40’s and early 50’ two decision theories were proposed and have since dominated the sceneof the fascinating field of decision-making. In 1944 – when von Neumann and Morgenstern showedthat if preferences are consistent with a set of axioms then it is possible to represent these...
Persistent link: https://www.econbiz.de/10005866845
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Is playing alone in the darkness sufficient to preventinformational cascades?
Fiore, Annamaria; Morone, Andrea - Max-Planck-Institut für Ökonomik <Jena> - Abteilung …
Seminal models of herd behaviour and informational cascades point out the existence of information negativeexternalities, and propose to destroy information in order to achieve social improvements. Although in the lastyears many features of herd behaviour and informational cascades have been...
Persistent link: https://www.econbiz.de/10005866943
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An Experimental Investigation of Alternatives toExpected Utility Using Pricing Data
Morone, Andrea; Schmidt, Ulrich - Max-Planck-Institut für Ökonomik <Jena> - Abteilung … - 2005
Experimental research on decision making under risk has until now always employed choicedata in order to evaluate the empirical performance of expected utility and the alternative nonexpectedutility theories. The present paper performs a similar analysis which relies on pricingdata instead of...
Persistent link: https://www.econbiz.de/10005866821