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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
find that groups learn to make lower bids from communication and negotiation between group members. …
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
, we find that groups learn to make lower bids from communication and negotiation between group members. …
Persistent link: https://www.econbiz.de/10008528454
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Can Groups Solve the Problem of Over-Bidding in Contests?
Sheremeta, Roman M.; Zhang, Jingjing - 2011
find that groups learn to make lower bids from communication and negotiation between group members …
Persistent link: https://www.econbiz.de/10014186327
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Communication and efficiency in competitive coordination games
Cason, Timothy N.; Sheremeta, Roman M.; Zhang, Jingjing - In: Games and economic behavior 76 (2012) 1, pp. 26-43
Persistent link: https://www.econbiz.de/10009686009
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Communication and Efficiency in Competitive Coordination Games
Cason, Timothy N.; Sheremeta, Roman M.; Zhang, Jingjing - 2012
Costless pre-play communication has been found to effectively facilitate coordination and enhance efficiency in games … costly efforts. Allowing intra-group communication leads to more aggressive competition and greater coordination than control … treatments without any communication. On the other hand, allowing inter-group communication leads to less destructive competition …
Persistent link: https://www.econbiz.de/10014191492
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When Income Depends on Performance and Luck : The Effects of Culture and Information on Giving
Rey-Biel, Pedro - 2018
We study how giving depends on income and luck, and how culture and information about the determinants of others' income affect this relationship. Our data come from an experiment conducted in two countries, the US and Spain – each of which have different beliefs about how income inequality...
Persistent link: https://www.econbiz.de/10012937217
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Trust, Reciprocity and Rules
Rietz, Thomas - 2017
Many economic interactions rely on trust, which is sometimes violated. The fallout from business fraud and other malfeasance shows serious economic consequences of trust violations. Simple rules mandating minimum standards are attractive because they prevent the most egregious trust violations....
Persistent link: https://www.econbiz.de/10012975782
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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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Perfect-Substitutes, Best-Shot, and Weakest-Link Contests Between Groups
Sheremeta, Roman M. - 2012
This experiment investigates contests between groups. Each group has one strong player, with a higher valuation for the prize, and two weak players, with lower valuations. In contests where individual efforts are perfect substitutes, both strong and weak players expend significantly higher...
Persistent link: https://www.econbiz.de/10014200334
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Behavior in Contests
Sheremeta, Roman M. - 2014
Standard theoretical prediction is that rational economic agents participating in rent-seeking contests should engage in socially inefficient behavior by exerting costly efforts. Experimental studies find that the actual efforts of participants are significantly higher than predicted and that...
Persistent link: https://www.econbiz.de/10013050579