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; coordination ; experiment … benefit from coordination (or centralization) of search activities. We test the conjecture that agents gain from coordination … with a between-subject design in two treatments. In the experiments we find no gains from coordination. Instead, we find …
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multiple M equilibria exhibit coordination problems that could not be anticipated through the lens of existing models …
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Economists have been theorizing that other-regarding preferences influence decision making. Yet, what are the corresponding psychological mechanisms that inform these preferences in laboratory games? Empathy and Theory of Mind (ToM) are dispositions considered to be essential in social...
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