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very different effects depending on the contest structure. We observe the highest rent dissipation in stochastic contests … when players only get feedback on own choices and earnings. In these contests aggregate expenditures usually exceed the …. In contrast, in deterministic contests average expenditures converge to equilibrium levels when subjects only get …
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bilateral contest games with their neighbors. Interrelatedness of contests induces complex local and global network effects. We …
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We report the findings of experiments designed to study how people learn in network games. Network games offer new …
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such, might be unkind. In many experiments it was shown that unkind actions which decrease the other's payoff are punished …
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