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Equilibrium selection in similar repeated games : experimental evidence on the role of precedents
Duffy, John; Fehr, Dietmar - 2015
We report on an experiment examining behavior and equilibrium selection in two similar, infinitely repeated games, Stag Hunt and Prisoner's Dilemma under anonymous random matching. We are interested in the role that precedents may play for equilibrium selection between these two stage game...
Persistent link: https://www.econbiz.de/10010478988
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Using or Hiding Private Information? An Experimental Study of Zero-Sum Repeated Games with Incomplete Information
Jacquemet, Nicolas; Koessler, Frederic - 2013
This paper studies experimentally the value of private information in strictly competitive interactions with asymmetric information. We implement in the laboratory three examples from the class of zero-sum repeated games with incomplete information on one side and perfect monitoring. The stage...
Persistent link: https://www.econbiz.de/10014183866
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Deception Through Telling the Truth?! Experimental Evidence from Individuals and Teams
Sutter, Matthias - 2008
Informational asymmetries abound in economic decision making and often provide an incentive for deception through telling a lie or misrepresenting information. In this paper I use a cheap-talk sender-receiver experiment to show that telling the truth should be classified as deception too if the...
Persistent link: https://www.econbiz.de/10014219101
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Trust in generosity : an experiment of the repeated Yes-No game
Güth, Werner; Otsubo, Hironori - 2014
This paper reports results of a 100-round Yes-No game experiment conducted under the random matching protocol. In contrast to ultimatum bargaining, the responder in the Yes-No game decides whether to accept without knowing the proposer’s offer. Although both games have the same solution...
Persistent link: https://www.econbiz.de/10010433915
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Equilibrium Play and Learning in a Stochastic Public Goods Experiment
Banerjee, Priyodorshi - 2012
which very negligible benefits are received by community members. Our theory predicts that the presence of such a “pass mark … significantly increase the incidence of free-riding, even when the theory predicts the opposite. In general, the mixed strategy Nash … that fit observed play in the laboratory much better than the earlier “steady state” theory predictions …
Persistent link: https://www.econbiz.de/10013107187
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Information and Learning in Oligopoly : An Experiment
Bigoni, Maria - 2013
This paper presents an experiment on learning in repeated games, which complements the analysis of players' actual choices with data on the information acquisition process they follow. Subjects play a repeated Cournot oligopoly, with limited a priori information. The econometrics hinges on a...
Persistent link: https://www.econbiz.de/10013088340
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Learning to Deal With Repeated Shocks Under Strategic Complementarity : An Experiment
Bulutay, Muhammed - 2020
Experimental evidence shows that the rational expectations hypothesis fails to characterize the path to equilibrium after an exogenous shock when actions are strategic complements. Under identical shocks, however, repetition allows adaptive learning, so that inertia in adjustment should fade...
Persistent link: https://www.econbiz.de/10012842597
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Learning to Deal With Repeated Shocks Under Strategic Complementarity : An Experiment
Bulutay, Muhammed - 2020
Experimental evidence shows that the rational expectations hypothesis fails to characterize the path to equilibrium after an exogenous shock when actions are strategic complements. Under identical shocks, however, repetition allows adaptive learning, so that inertia in adjustment should fade...
Persistent link: https://www.econbiz.de/10012842925
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Equilibrium Selection and Strategy : Experimental Evidence from an Infinitely Repeated Transboundary Public Goods Game
Kawamura, Tetsuya - 2019
We design a transboundary public goods (TPG) game, in which participants have simultaneous interaction within and between groups. We design the TPG game under an infinitely repeated situation in order to explore the types of strategies that participants employ in infinitely repeated games. We...
Persistent link: https://www.econbiz.de/10012899208
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Strategic Ambiguity and Decision-Making : An Experimental Study
Kelsey, David - 2017
We conducted a set of experiments to compare the effect of ambiguity in single person decisions and games. Our results suggest that ambiguity has a bigger impact in games than in ball and urn problems. We find that ambiguity has the opposite effect in games of strategic substitutes and...
Persistent link: https://www.econbiz.de/10012968585