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An experimental online matching pennies game
García-Gallego, Aurora; Hernández-Rojas, Penelope; … - Departament d'Economia, Universitat Jaume I - 2015
The theoretical communication model by Gossner et al. (2006) (GHN henceforth) based on the matching pennies game has recently been implemented by García-Gallego et al. (2013) (GHR henceforth) in the lab, emphasizing the transmission of information among players with aligned incentives. The...
Persistent link: https://www.econbiz.de/10011262839
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Coordination Cycles
Steiner, Jakub - Center for Economic Research and Graduate Education and … - 2005
We build a dynamic global game in which players repeatedly face a similar coordination problem. By choosing a risky action (invest) instead of an outside option (not invest), players risk instantaneous losses as well as payoffs from future stages, in which they cannot participate if they go...
Persistent link: https://www.econbiz.de/10005357523
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Endogenous Network Formation In the Laboratory
Celen, Bogachan; Hyndman, Kyle - Volkswirtschaftliche Fakultät, … - 2006
This paper provides an experimental test of a theory of endogenous network formation. A group of subjects face a …, and they are supposed to make a decision one after the other. The key feature of the experiment is that a subject can … Bayesian benchmark as subjects form more links than theory predicts. Subjects also exhibit a tendency to conform rather than …
Persistent link: https://www.econbiz.de/10005835879
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Endogenous Network Formation in the Laboratory
Celen, Bogachan; Hyndman, Kyle - Southern Methodist University, Department of Economics - 2007
This paper provides an experimental test of a theory of endogenous network forma- tion. A group of subjects face a …, and they are supposed to make a decision one after the other. The key feature of the experiment is that a subject can … Bayesian benchmark as subjects form more links than theory predicts. Subjects also exhibit a tendency to conform rather than …
Persistent link: https://www.econbiz.de/10005773599
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Endogenous Neighborhood Selection and the Attainment of Cooperation in a Spatial Prisoner's Dilemma Game
Barr, Jason; Tassier, Troy - Economics Department, Fordham University - 2008
There is a large literature in economics and elsewhere on the emergence and evolution of cooperation in the repeated Prisoner's Dilemma. Recently this literature has expanded to include cooperation in spatial prisoner dilemma games where agents play only with local neighbors in a specified...
Persistent link: https://www.econbiz.de/10005800471
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Information and experimentation in short-term contracting
Mirman, Leonard J.; Jeitschko, Thomas D. - In: Economic Theory 19 (2002) 2, pp. 311-331
The impact of information dissemination and experimentation on dynamic adverse selection in noisy agency relationships is examined. Significant deviations in terms of equilibrium actions and payments occur, when compared to deterministic environments. Information dissipates slowly, so payments...
Persistent link: https://www.econbiz.de/10005178760
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Coordination Cycles
Steiner, Jakub - School of Economics, University of Edinburgh - 2006
Players repeatedly face a coordination problem in a dynamic global game. By choosing a risky action (invest) instead of waiting, players risk instantaneous losses as well as a loss of payoffs from future stages, in which they cannot participate if they go bankrupt. Thus, the total strategic risk...
Persistent link: https://www.econbiz.de/10005750757
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Endogenous vs. Exogenous Transmission of Information: An Experiment
García-Gallego, Aurora; Hernández-Rojas, Penélope; … - Departament d'Economia, Universitat Jaume I - 2013
nature’s actions and 0 otherwise. We propose an experiment following this game. We implement two treatments: one without chat … just play the game. In the experiment we observed endogenous communication treatment NC as well as exogenous in treatment C …
Persistent link: https://www.econbiz.de/10010773000
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Entry Deterrence under Agency Constraints
Jain, Neelam; Jeitschko, Thomas D.; Mirman, Leonard J. - In: International Journal of Business and Economics 2 (2003) 3, pp. 179-195
We study models of signaling and entry deterrence when the incumbent firm is subject to agency restraints and the principal does not have the relevant information to signal to the potential entrant. The informational implications of the dynamic agency relationship are fully identified. A...
Persistent link: https://www.econbiz.de/10010600171
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A Continuous Time Approach for the Asymptotic Value in Two-Person Zero-Sum Repeated Games
Cardaliaguet, Pierre; Laraki, Rida; Sorin, Sylvain - Université Paris-Dauphine (Paris IX) - 2012
We consider the asymptotic value of two person zero sum repeated games with general evaluations of the stream of stage payoffs. We show existence for incomplete information games, splitting games and absorbing games. The technique of proof consists in embedding the discrete repeated game into a...
Persistent link: https://www.econbiz.de/10010708272