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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
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
potentially divisible resource. We design an experiment to compare individuals' decisions across three resource allocation …
Persistent link: https://www.econbiz.de/10013075997
potentially divisible resource. We design an experiment to compare individuals’ decisions across three resource allocation …
Persistent link: https://www.econbiz.de/10010730010
potentially divisible resource. We design an experiment to compare individuals’ decisions across three resource allocation …
Persistent link: https://www.econbiz.de/10010817382
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
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
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
This experiment investigates contests between groups. Each group has one strong player, with a higher valuation for the …
Persistent link: https://www.econbiz.de/10014200334
Despite the wide occurrence of ties in a variety of contest settings, the strategic interaction that arises when ties are treated as viable outcomes has received little attention. Building on recent theoretical work, we experimentally examine an extension of the canonical two-player all-pay...
Persistent link: https://www.econbiz.de/10013012900