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We explore the extent to which altruism, as measured by giving in a dictator game (DG), accounts for play in a noisy version of the repeated prisoner’s dilemma. We find that DG giving is correlated with cooperation in the repeated game when no cooperative equilibria exist, but not when...
Persistent link: https://www.econbiz.de/10014186498
test these predictions in a laboratory experiment where subjects can form cartels, which allows them to discuss pricing at …
Persistent link: https://www.econbiz.de/10015211665
In this study, we investigate behavioral constraints on pricing by using a novel laboratory experiment in which actual …
Persistent link: https://www.econbiz.de/10011568753
We conducted a laboratory experiment to study the price setting behavior in two-sided markets. We seek to answer two …
Persistent link: https://www.econbiz.de/10011825236
This paper investigates how the introduction of social preferences affects players’ equilibrium behavior in both the one-shot and the infinitely repeated version of the Prisoner’s Dilemma game. We show that fairness concerns operate as a ”substitute” for time discounting in the...
Persistent link: https://www.econbiz.de/10009752853
This paper uses a laboratory experiment to study beliefs and their relationship to action and strategy choices in …
Persistent link: https://www.econbiz.de/10012488895
We report on an experiment examining behavior and equilibrium selection in two similar, infinitely repeated games, Stag …
Persistent link: https://www.econbiz.de/10010478988
This paper explores the reluctance of men (women) to acknowledge or recognise the work, comments, and claims of new ideas by other men (women) via widespread and intense demonstrations of indifference. Instances like desk rejections by journals by not allowing papers to reach a review stage,...
Persistent link: https://www.econbiz.de/10014265989
By providing incentives for sellers to act in a trustworthy manner, reputation mechanisms in many online environments can mitigate moral-hazard problems when particular buyers and sellers interact infrequently. However, these mechanisms rely on buyers sharing their private information about...
Persistent link: https://www.econbiz.de/10014212262
We aim to understand the role and evolution of beliefs in the indefinitely repeated prisoner's dilemma (IRPD). To do so, we elicit beliefs about the supergame strategies chosen by others. We find that heterogeneity in beliefs and changes in beliefs with experience are central to understanding...
Persistent link: https://www.econbiz.de/10013345861