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This paper analyzes the effect of the availability of information about the payoff structure on the behavior of players … in a Common-Pool Resource game. Six groups of six individuals played a complete information game, while other six groups … played the same game but with no information about the payoff function. It will be shown that the patterns of investment …
Persistent link: https://www.econbiz.de/10011538855
Two subjects have to repeatedly choose between two alternatives, A and B, where payoffs of an A or B-choice depend on the choices made by both players in a number of previous choices. Locally, alternative A gives always more payoff than alternative B. However, in terms of overall payoffs...
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anonymously in a group, could pay a cost either to obtain information about their counterparts, or to create a freely available … attain higher levels of cooperation compared to a treatment without monitoring. Information about past conduct alone thus …
Persistent link: https://www.econbiz.de/10011713674
In many experiments, the Nash equilibrium concept seems not to predict well. One reason may be that players have non-selfish preferences over outcomes. As a consequence, even when they are told what the material payoffs of the game are, mutual knowledge of preferences may not be satisfied. We...
Persistent link: https://www.econbiz.de/10011644480
Early modern naturalists were faced with what has been termedthe ‘first bio-information crisis’. A key figure in … tointegrate new information into that order. A way out of thisdilemma was to keep information on particular subjects onseparate …
Persistent link: https://www.econbiz.de/10005870890
. The papershows that a tag-to-region assignment with an accuracy of 67% can beachieved by using gaze information. In …
Persistent link: https://www.econbiz.de/10009354099
,questions whether norm deviations can be detected and thus punished. By investing in information acquisition, aresponder in an ultimatum … can be rather high (‘high payoff mode’) orlow (‘low payoff mode’). The responder can buy information about the proposer … buy reward information (30 out of 55). Buyingreward information on average did not help the responder nor did it improve …
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