Mixed Nash equilibria are a cornerstone of game theory, but their empirical relevance has always been controversial. We study in the laboratory two games whose unique NE is in completely mixed strategies; other treatments include the matching protocol (pairwise random vs population...

This paper studies the impact of continuous time interaction on two iconic coordination games: stag hunt and battle of the sexes in a laboratory environment and compare results to possible theoretical explanations. Experimental results show that subjects consistently coordinate better in...

This brief note describes the step-by-step protocol for conducting online economics experiments at the UCSC LEEPS Laboratory. This protocol assumes that the subject pool is managed using ORSEE (Greiner, 2015) and the experiment backend and interfaces are developed and deployed using oTree (Chen,...

In traditional sequential search models, players face ex ante uncertainty prior to each search but obtain certain outcomes after the search. With the ex ante uncertainty, the players' reservation values and average search duration increase with their level of risk tolerance. We study a...

Can an efficient correlated equilibrium emerge without any exogenous benevolent agent providing coordinating signals? Theoretical work in adaptive dynamics suggests a positive answer, which we test in a laboratory experiment. In the well-known Chicken game, we observe time average play that is...

In traditional sequential search models, players face ex ante uncertainty prior to each search but obtain certain outcomes after the search. The players' reservation value tends to decrease with their level of risk aversion. We propose a modified sequential search model with ex post uncertainty...

In traditional sequential search models, players face ex ante uncertainty prior to each search but obtain certain outcomes after the search. The players' reservation value tends to decrease with their level of risk aversion. We propose a modified sequential search model with ex post uncertainty...

We study, theoretically and in the laboratory, three simple decentralized mechanisms to reallocate positions in a queuing problem. In our environment, players have heterogeneous values for time and arrive in random order to a queue before service starts. While waiting for service, they can...