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information is fully released) is also available. Our experiment is based on subsequent framework of Morris and Shin (2002 … in this paper. Our experiment indicates that -when fully disclosed- players overreact to public information and this …
Persistent link: https://www.econbiz.de/10010858017
players in a game with multiple strict equilibria which equilibrium to play. In our view, coordination often takes place … our experiment, we allow participants to first coordinate before playing various games. Based on between …
Persistent link: https://www.econbiz.de/10005765213
choices in 2x2 coordination games. In a laboratory experiment, we elicit the risk attitudes by using lottery choices …
Persistent link: https://www.econbiz.de/10008514730
Persistent link: https://www.econbiz.de/10009149920
information is fully released) is also available. Our experiment is based on subsequent framework of Morris and Shin (2002 … in this paper. Our experiment indicates that -when fully disclosed- players overreact to public information and this …
Persistent link: https://www.econbiz.de/10010899530
We present experimental evidence on equilibrium selection and rates of convergence in a simple N-player coordination …
Persistent link: https://www.econbiz.de/10010786944
Bei der Abschätzung der Folgen verhaltenssteuernder politischer Maßnahmen mit Hilfe von Rational- Choice-Modellen, die von der Verhaltensannahme eines vollständig informierten und ausschließlich gewinnmaximierenden homo oeconomicus ausgehen, besteht die Gefahr, dass Art und Geschwindigkeit...
Persistent link: https://www.econbiz.de/10011070492
We report on an experiment exploring whether and how players may learn to use a random device to coordinate on a … game is not necessarily known by subjects a priori, which serves to highlight the additional coordination problem that is … a random device is more useful as a coordination mechanism when subjects are randomly matched. When subjects are in …
Persistent link: https://www.econbiz.de/10010878534
economists to a rigorousstudy of expectation formation in the laboratory. In this work wedescribe a laboratory experiment on the … emergence and coordination ofexpectations in a pure exchange framework. We largely base our studyon previous experiments on …
Persistent link: https://www.econbiz.de/10005292644
equilibrium. In the experiment, subjects are surprisingly fearless of others’ experiences, and simply follow their own experiences … auslösen – auch in dem effizientesten Bayesianischen Gleichgewicht. Im Experiment sind die Subjekte überraschend furchtlos …
Persistent link: https://www.econbiz.de/10009367854