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, but quantities are distributed asymmetrically. An experiment largely confirms the existence of such sophisticated play …
Persistent link: https://www.econbiz.de/10014077530
It is commonly assumed that friendship should generally benefit agents' ability to tacitly coordinate with others. However, this has never been tested on two "opposite poles" of coordination, namely, games of strategic complements and substitutes. We present an experimental study in which...
Persistent link: https://www.econbiz.de/10011817934
Goeree and Holt (2001) experimentally study a number of games. In each case they initially find strong support for Nash equilibrium, however by changing an apparently irrelevant parameter they find results which contradict Nash equilibrium. In this paper, we study the five normal form games from...
Persistent link: https://www.econbiz.de/10014145375
by a draw from an Ellsberg urn. In a within-subject experiment, subjects make decisions in three different bargaining …
Persistent link: https://www.econbiz.de/10014380287
subjective beliefs of players. In a laboratory experiment we measure subjects' certainty equivalents for three coordination games …
Persistent link: https://www.econbiz.de/10010361993
subjective beliefs of players. In a laboratory experiment we measure subjects' certainty equivalents for three coordination games …
Persistent link: https://www.econbiz.de/10014061293
subjective beliefs of players. In a laboratory experiment, we measure subjects' certainty equivalents for three coordination …
Persistent link: https://www.econbiz.de/10013318801
In an information cascade experiment participants are confronted with artificial predecessors predicting in line with …
Persistent link: https://www.econbiz.de/10010343945
The paper studies when efficient allocations are implementable via coalition-proof mechanisms. When ambiguous mechanisms are allowed and agents are maxmin expected utility maximizers, we prove that all efficient allocations are implementable via interim coalition incentive compatible mechanisms...
Persistent link: https://www.econbiz.de/10013242607
We introduce and analyze three definitions of equilibrium for finite extensive games with imperfect information and ambiguity averse players. In a setting where players' preferences are represented by maxmin expected utility, as characterized in Gilboa and Schmeidler (1989), our definitions...
Persistent link: https://www.econbiz.de/10013064382