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We experimentally investigate simultaneous decision-making in two contrasting environments: one that encourages competition (lottery contest) and one that encourages cooperation (public good game). We find that simultaneous participation in the public good game affects behavior in the contest,...
Persistent link: https://www.econbiz.de/10013115257
We examine behavior in a three-player trust game in which the first player may invest in the second and the second may invest in the third. Any amount sent from one player to the next is tripled. The third player decides the final allocation among three players. The baseline treatment with no...
Persistent link: https://www.econbiz.de/10013096059
Many economic, political and social environments can be described as contests in which agents exert costly efforts while competing over the distribution of a scarce resource. These environments have been studied using Tullock contests, all-pay auctions and rank-order tournaments. This survey...
Persistent link: https://www.econbiz.de/10013100140
Tug-of-war is a multi-battle contest often used to describe extended interactions in economics, management, political science, and other disciplines. While there has been some theoretical work, there is scant empirical evidence regarding behavior in a tug-of-war game. To the best of our...
Persistent link: https://www.econbiz.de/10013015720
other-regarding preferences. The results of the experiment indicate that 60 percent of senders adopt deceptive strategies by …
Persistent link: https://www.econbiz.de/10013038329
potentially divisible resource. We design an experiment to compare individuals' decisions across three resource allocation …
Persistent link: https://www.econbiz.de/10013075997
This paper experimentally compares the performance of four simultaneous lottery contests: a grand contest, two multiple prize settings (equal and unequal prizes), and a contest which consists of two subcontests. Consistent with the theory, the grand contest generates the highest effort levels...
Persistent link: https://www.econbiz.de/10013158286
Costly competitions between economic agents are modeled as contests. Researchers use laboratory experiments to study contests and test comparative static predictions of contest theory. Commonly, researchers find that participants' efforts are significantly higher than predicted by the standard...
Persistent link: https://www.econbiz.de/10012910152
-breaking rules can reduce discouragement and increase the designer's revenue. We test these predictions in a laboratory experiment …
Persistent link: https://www.econbiz.de/10012936241
' income affect this relationship. Our data come from an experiment conducted in two countries, the US and Spain – each of …
Persistent link: https://www.econbiz.de/10012937217