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potentially divisible resource. We design an experiment to compare individuals' decisions across three resource allocation …
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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...
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with different compared to the same group members. We employ a laboratory experiment to create consensus between these …
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among three players. The baseline treatment with no communication shows that the first and second players send significant … amounts and the third player reciprocates. Allowing insider communication between the second and the third players increases … cooperation between these two. Interestingly, there is an external effect of insider communication: the first player who is …
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