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experiments consider networks of coordination and cooperation, buyer-seller networks, and network formation …This paper provides a survey of recent experimental work in economics focusing on social and economic networks. The …
Persistent link: https://www.econbiz.de/10014072703
cooperation. In between two identical public goods games, participants play a mini dictator game that, depending on the treatment …
Persistent link: https://www.econbiz.de/10010405218
Persistent link: https://www.econbiz.de/10014291725
We run a laboratory experiment with a two-person game with unique pure Nash equilibrium which is also the solution of the iterative elimination of strictly dominated strategies. The subjects are asked to commit to a device that randomly picks one of three symmetric outcomes in this game...
Persistent link: https://www.econbiz.de/10011962034
large body of research demonstrates the power of “reciprocity” for inducing cooperation: When others know that you have … they think others are also cooperating; and people can develop habits of cooperation that shape their default inclinations …
Persistent link: https://www.econbiz.de/10014037089
together rather than investing separately. We study the coordination and cooperation problems that might hinder successful … how much their partners invest. Moreover, subjects deal better with the coordination and cooperation problems as they gain … collaboration in a dynamic network setting. We develop an experiment in which coordination problems are mainly due to finding …
Persistent link: https://www.econbiz.de/10009752455
Social life offers innumerable instances in which trust relations involve multiple agents. In an experiment, we study a new setting called Collective Trust Game where there are multiple trustees, who may have an incentive to coordinate their actions. Trustworthiness has also a strategic...
Persistent link: https://www.econbiz.de/10011734290
future choices. These considerations motivate a rich research programme on how social networks shape individual and …
Persistent link: https://www.econbiz.de/10014025688
coordination in normal-form games with multiple equilibria - the more equitable equilibrium might be selected either because …-subjects experimental design, furthermore, we study the relative performance of the equity principle in six simple 2x2 coordination games … seems to be behind most of the coordination failures that we observe. …
Persistent link: https://www.econbiz.de/10010224794
deliver an understanding of why specific equilibrium networks are selected or whether they are all actually reachable from any …
Persistent link: https://www.econbiz.de/10012014878