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How do risk attitudes affect measured confidence?
Murad, Zahra; Sefton, Martin; Starmer, Chris - 2015
We examine the relationship between confidence in own absolute performance and risk attitudes using two confidence elicitation procedures: self-reported (non-incentivised) confidence and an incentivised procedure that elicits the certainty equivalent of a bet based on performance. The former...
Persistent link: https://www.econbiz.de/10011434351
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Communication with partially verifiable information : an experiment
Burdea, Valeria; Montero, María; Sefton, Martin - 2020
We use laboratory experiments to study communication games with partially verifiable information. In these games, based on Glazer and Rubinstein (2004, 2006), an informed sender sends a two-dimensional message to a receiver, but only one dimension of the message can be verified. We compare a...
Persistent link: https://www.econbiz.de/10012239483
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To tender or not to tender? : deliberate and exogenous sunk costs in a public good game
Heine, Florian; Sefton, Martin - In: Games 9 (2018) 3/41, pp. 1-28
contest phase. While players in the treatment setup make a conscious decision on how much to invest in the contest, this … decision is exogenously imposed on players in the control setup. As such, both groups of players incur sunk costs and enter the …
Persistent link: https://www.econbiz.de/10011891197
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Communication with partially verifiable information : an experiment
Burdea, Valeria; Montero, María; Sefton, Martin - 2018
We use laboratory experiments to study communication games with partially verifiable information. In these games, based on Glazer and Rubinstein (2004, 2006), an informed sender sends a two-dimensional message to a receiver, but only one dimension of the message can be verified. We compare a...
Persistent link: https://www.econbiz.de/10011897228
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Discretionary sanctions and rewards in the repeated inspection game
Nosenzo, Daniele; Offerman, Theo; Sefton, Martin; Veen, … - In: Management science : journal of the Institute for … 62 (2016) 2, pp. 502-517
Persistent link: https://www.econbiz.de/10011446237
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Promoting cooperation : the distribution of reward and punishment power
Nosenzo, Daniele; Sefton, Martin - 2012
Recent work in experimental economics on the effectiveness of rewards and punishments for promoting cooperation mainly examines decentralized incentive systems where all group members can reward and/or punish one another. Many self-organizing groups and societies, however, concentrate the power...
Persistent link: https://www.econbiz.de/10009578208
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Majoritarian contests with asymmetric battlefields : an experiment
Montero, María; Possajennikov, Alexandre; Sefton, Martin; … - 2013
choices from a laboratory experiment. The equilibrium predicts that the large battlefield receives more than a proportional …
Persistent link: https://www.econbiz.de/10010224988
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Risk Taking and Information Aggregation in Groups
Bougheas, Spiros; Nieboerr, Jeroen; Sefton, Martin - Centre for Decision Research and Experimental Economics … - 2014
We report an experiment examining risk taking and information aggregation in groups. Group members come to the table … information with fellow group members. They then make a decision under risk on behalf of the group using a random dictatorship … mechanism, as well as an individual decision. Our analysis reveals that, while the behavior of many subjects is consistent with …
Persistent link: https://www.econbiz.de/10011154553
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ENDOGENOUS MOVE STRUCTURE AND VOLUNTARY PROVISION OF PUBLIC GOODS: THEORY AND EXPERIMENT
Nosenzo, Daniele; Sefton, Martin - Centre for Decision Research and Experimental Economics … - 2010
report a laboratory experiment based on these extended games. We find that behavior is similar in the two extended games …
Persistent link: https://www.econbiz.de/10008677997
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Majoritarian Contests with Asymmetric Battlefields: An Experiment
Montero, Maria; Possajennikov, Alex; Sefton, Martin; … - Centre for Decision Research and Experimental Economics … - 2013
choices from a laboratory experiment. The equilibrium predicts that the large battlefield receives more than a proportional …
Persistent link: https://www.econbiz.de/10010728910