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In minority games, players in a group must decide at each round which of two available options to choose, knowing that only subjects who picked the minority option obtain a positive reward. Previous experiments on the minority and similar congestion games have shown that players interacting...
Persistent link: https://www.econbiz.de/10009259730
Persistent link: https://www.econbiz.de/10010428062
In minority games, players in a group must decide at each round which of two available options to choose, knowing that only subjects who picked the minority option obtain a positive reward. Previous experiments on the minority and similar congestion games have shown that players interacting...
Persistent link: https://www.econbiz.de/10014180445
In minority games, players in a group must decide at each round which of two available options to choose, knowing that only subjects who picked the minority option obtain a positive reward. Previous experiments on the minority and similar congestion games have shown that players interacting...
Persistent link: https://www.econbiz.de/10011734522
This work presents experimental results on a coordination game in which agents must repeatedly choose between two sides, and a positive fixed payoff is assigned only to agents who pick the minoritarian side. We conduct laboratory experiments in which stationary groups of five players play the...
Persistent link: https://www.econbiz.de/10014065544
Persistent link: https://www.econbiz.de/10003172200
We study the relationship between pro-social preferences and strategic reasoning. These aspects are typically studied separately but little is known about their joint distribution. In an experiment, for each participant we elicit individual concerns toward pro-sociality — inequality aversion...
Persistent link: https://www.econbiz.de/10012940320
Persistent link: https://www.econbiz.de/10014425521
Norms of cooperation and punishment differ across societies, but also within a single society. In an experiment with two subject pools sharing the same geographical and cultural origins, we show that opportunities for peer punishment increase cooperation among students but not in the general...
Persistent link: https://www.econbiz.de/10011730889
Socio-economic performance differs not only across countries but within countries too and can persist even after religion, language, and formal institutions are long shared. One interpretation of these disparities is that successful regions are characterized by higher levels of trust, and, more...
Persistent link: https://www.econbiz.de/10011730997