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A Comparative Statics Analysis of Punishment in Public-Good Experiments
Nikiforakis, Nikos - 2007
This paper provides a comparative-statics analysis of punishment in public-good experiments. We vary the effectiveness … of punishment, that is, the factor by which punishment reduces the punished player's income. The data show that … contributions increase monotonically in punishment effectiveness. High effectiveness leads to near complete cooperation and welfare …
Persistent link: https://www.econbiz.de/10012775824
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A Comparative Statics Analysis of Punishment in Public-Good Experiments
Nikiforakis, Nikos; Normann, Hans-Theo - 2005
This paper provides a comparative statics analysis of punishment in public-good experiments. We vary systematically the … effectiveness of punishment, that is, the factor by which punishment reduces the punished player's income, and we find that … rates and welfare improvements. Below a certain threshold, however, punishment cannot prevent the decay of cooperation found …
Persistent link: https://www.econbiz.de/10014064137
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Disparities in Psychological Traits and Income: Race, Ethnicity, and Gender in the U.S.
Dariel, Aurelie; Ham, John C.; Nikiforakis, Nikos; … - 2024
There are pronounced racial, ethnic, and gender gaps in income in the U.S. We investigate whether these correspond with differences in competitiveness, risk tolerance, and confidence relative to performance in a large, stratified sample of the U.S. prime-age population. We find substantial...
Persistent link: https://www.econbiz.de/10014533886
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Is there selection bias in laboratory experiments? The case of social and risk preferences
Cleave, Blair L.; Nikiforakis, Nikos; Slonim, Robert - 2011
Laboratory experiments are frequently used to examine the nature of individual preferences and inform economic theory. However, it is unknown whether the preferences of volunteer participants are representative of the population from which the participants are drawn or whether they differ due to...
Persistent link: https://www.econbiz.de/10010278458
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Can Real-Effort Investments Inhibit the Convergence of Experimental Markets?
Cason, Timothy N.; Gangadharan, Lata; Nikiforakis, Nikos - Krannert School of Management, Purdue University - 2010
Evidence shows that real-effort investments can affect bilateral bargaining outcomes. This paper investigates whether similar investments can inhibit equilibrium convergence of experimental markets. In one treatment, sellers’ relative effort affects the allocation of production costs, but a...
Persistent link: https://www.econbiz.de/10008531907
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Can Real?Effort Investments Inhibit the Convergence of Experimental Markets?
Cason, Timothy; Gangadharan, Lata; Nikiforakis, Nikos - Department of Economics, Faculty of Business and Economics - 2009
Evidence shows that real-effort investments can affect bilateral bargaining outcomes. This paper investigates whether similar investments can inhibit equilibrium convergence of experimental markets. In one treatment, sellers’ relative effort affects the allocation of production costs, but a...
Persistent link: https://www.econbiz.de/10008622310
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Is There Selection Bias in Laboratory Experiments? The Case of Social and Risk Preferences
Cleave, Blair L.; Nikiforakis, Nikos; Slonim, Robert - Institute for the Study of Labor (IZA) - 2011
Laboratory experiments are frequently used to examine the nature of individual preferences and inform economic theory. However, it is unknown whether the preferences of volunteer participants are representative of the population from which the participants are drawn or whether they differ due to...
Persistent link: https://www.econbiz.de/10008839279
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Is There Selection Bias in Laboratory Experiments?
Cleave, Blair L.; Nikiforakis, Nikos; Slonim, Robert - Department of Economics, Faculty of Business and Economics - 2010
Do the social and risk preferences of participants in laboratory experiments represent the preferences of the population from which they are recruited? To answer this question, we conducted a classroom experiment with a population of 1,173 students using a trust game and a lottery choice task to...
Persistent link: https://www.econbiz.de/10008677861
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Tacit Coordination in Games with Third-Party Externalities
Bland, James; Nikiforakis, Nikos - Max-Planck-Institut zur Erforschung von … - 2013
When agents face coordination problems their choices often impose externalities on third parties. We investigate whether such externalities can affect equilibrium selection in a series of one-shot coordination games varying the size and the sign of the externality. We fi?nd that third-party...
Persistent link: https://www.econbiz.de/10010698194
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Tacit coordination in games with third-party externalities
Bland, James; Nikiforakis, Nikos - 2013
When agents face coordination problems their choices often impose externalities on third parties. We investigate whether such externalities can affect equilibrium selection in a series of one-shot coordination games varying the size and the sign of the externality. We find that third-party...
Persistent link: https://www.econbiz.de/10010323878