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A Laboratory Study of a Multi-Level Trust Game with Communication
Sheremeta, Roman M.; Zhang, Jingjing - Department of Economics, McMaster University - 2009
This experimental study explores how communication influences efficiency, trust and trustworthiness in a small group when one member is left out of communication. To study this problem, we introduce a novel three-player trust game where player 1 can send any portion of his endowment to player 2....
Persistent link: https://www.econbiz.de/10008528460
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Timing of predictions in dynamic cheap talk : experts vs. quacks
Smirnov, Aleksei; Starkov, Egor - 2019
of privately known competence, who cares about his reputation, chooses the timing of the forecast regarding the outcome …. Further, any report hurts the forecaster’s reputation in the short run, with later reports incurring larger penalties. The … reputation of a silent forecaster, on the other hand, gradually improves over time. …
Persistent link: https://www.econbiz.de/10012123351
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Reputation transmission without benefit to the reporter : a behavioral underpinning of markets in experimental focus
Kamei, Kenju; Putterman, Louis G. - 2015 - This version: September 8, 2015
Reputation is a commonly cited check on opportunism in economic and social interactions. But it is often unclear what …
Persistent link: https://www.econbiz.de/10011333021
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Do Groups Fall Prey to the Winner's Curse?
Casari, Marco; Jackson, Christine; Zhang, Jingjing - Department of Economics, McMaster University - 2009
In an experiment, we studied how small groups tackle a company takeover game, a task where participants deciding in isolation frequently exhibit the winner’s curse. We found that groups of three members, who could exchange opinions and chat, substantially reduced the winner's curse and...
Persistent link: https://www.econbiz.de/10010614157
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The cost of lying
Lundquist, Tobias; Ellingsen, Tore; Gribbe, Erik; … - 2007
We experimentally investigate the effect of cheap talk in a bargaining game with one-sided asymmetric information. A seller has private information about his or her skill and is provided an opportunity to communicate this information to a buyer through a written message. Four different...
Persistent link: https://www.econbiz.de/10010281340
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Communication and market sharing: An experiment on the exchange of soft and hard information
Freitag, Andreas; Roux, Catherine; Thöni, Christian - 2019
We study the role of communication in collusive market sharing. In a series of Cournot oligopoly experiments with …
Persistent link: https://www.econbiz.de/10012614643
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Communication, coordination and competition in the beauty contest game: Eleven classroom experiments
Brañas-Garza, Pablo; Fernández, Virtudes Alba; … - Departamento de Teoría e Historia Económica, Facultad … - 2004
communication can only be explained by subjects endowed with competitive other-regarding preferences. Experiments are run in 11 …
Persistent link: https://www.econbiz.de/10005449607
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The cost of lying
Lundquist, Tobias; Ellingsen, Tore; Gribbe, Erik; … - Economics Institute for Research (SIR), … - 2007
We experimentally investigate the effect of cheap talk in a bargaining game with one-sided asymmetric information. A seller has private information about his or her skill and is provided an opportunity to communicate this information to a buyer through a written message. Four different...
Persistent link: https://www.econbiz.de/10005649157
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Communication and market sharing : an experiment on the exchange of soft and hard information
Freitag, Andreas; Roux, Catherine; Thöni, Christian - 2019
We study the role of communication in collusive market sharing. In a series of Cournot oligopoly experiments with …
Persistent link: https://www.econbiz.de/10012134028
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Preference communication and leadership in group decision-making
Ertac, Seda; Gurdal, Mehmet Y. - 2013 - First Version: July 2012, This Version: October 2013
We report results from a laboratory experiment that explores the effects of preference communication and leader selection mechanisms in group decision-making. In a setting where all members of a group get the same payoff based on the group leader's decision of how much risk to take, we study the...
Persistent link: https://www.econbiz.de/10010222348