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driving force of such learning. In contrast, information about the opponent.s payoÞs has almost no eÞect on the learning path … and the belief accuracy in their development over time. -- experiments ; beliefs ; strategic uncertainty ; learning …
Persistent link: https://www.econbiz.de/10003693054
driving force of learning to play strategically and for forming beliefs that accurately predict the behavior of the opponent … over time. -- experiments ; beliefs ; strategic uncertainty ; learning …
Persistent link: https://www.econbiz.de/10009408051
Persistent link: https://www.econbiz.de/10008909257
For our experiment on corruption, we designed a coordination game to model the influence of risk attitudes, beliefs, and information on behavioral choices and determined the equilibria. We observed that the risk attitude of the participant failed to explain their choices between corrupt and...
Persistent link: https://www.econbiz.de/10013089808
In a recent paper Engelmann and Strobl claim that a combination of a preference for efficiency and a Rawlsian motive for helping the least well-off is far more important than inequity aversion. Here we show that the relevance of the efficiency motive is largely restricted to students of...
Persistent link: https://www.econbiz.de/10014073235
In the present work, I adopt the cognitive hierarchy approach to analyze the centipede game. To this end, I present and study an extensive-form version of Camerer et al.'s (2004) original normal-form model. The resulting predictions are evaluated empirically using laboratory data borrowed from a...
Persistent link: https://www.econbiz.de/10003926375
We explored experimentally how threshold uncertainty affects coordination success in a threshold public goods game. Whereas all groups succeeded in providing the public good when the exact value of the threshold was known, uncertainty was generally detrimental for the public good provision. The...
Persistent link: https://www.econbiz.de/10009374409
The provision of global public goods, such as climate change mitigation and managing fisheries to avoid overharvesting, requires the coordination of national contributions. The contributions are managed by elected governments who, in turn, are subject to public pressure on the matter. In an...
Persistent link: https://www.econbiz.de/10011457585
were acting in isolation or had standard preferences. We experimentally test the model and find that regret-averse agents …
Persistent link: https://www.econbiz.de/10012029141
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