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The procurement of complex projects is often plagued by large cost overruns. One important reason for these additional …
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-dependent preferences. -- Repeated markets ; Economic principles ; Anomalies ; Experiment ; Social interactions …
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In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we …
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activate revenue enhancing biases. In an experiment, we compare three auctions that differ in how much information is revealed …
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The centipede game posits one of the most well‐known paradoxes of backward induction in the literature of experimental game theory. Given that deviations from the unique subgame perfect Nash equilibrium generates a Pareto improvement, several theoretical models have been employed in order to...
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We study fairness and reciprocity in a Hawk-Dove game. This alllows us to testvarious models in one framework. We observe a large extent of selfish and rationalbehavior. Our results are inconsistent with leading models in this field.
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