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Previous experimental results on one-shot sequential two-player games show that group decisions are closer to the subgame-perfect Nash equilibrium than individual decisions. We extend the analysis of inter-group versus inter-individual decision making by running both one-shot and repeated...
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tolerance increases with the absence of mistakes on a pre-experiment quiz, women’s lack of response is unaffected by their quiz … performance. These results are consistent with a prior finding of a gender difference in MNE play with a large sample of … laboratory setting. We show a gender difference in a factor that is likely crucial in most competitive situations: perceptions of …
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In a tournament, agents form coalitions, and the coalition with largest power wins the tournament. We introduce a new … core of a tournament, and find that NTE expands the class of feasible coalitions, in which the core, might not exist …
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Attempts to curb illegal activity through regulation gets complicated when agents can adapt to circumvent enforcement. Economic theory suggests that conducting audits on a predictable schedule, and (counter-intuitively) at high frequency, can undermine the effectiveness of audits. We conduct a...
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We report experiments designed to test between Nash equilibria that are stable and unstable under learning. The “TASP” (Time Average of the Shapley Polygon) gives a precise prediction about what happens when there is divergence from equilibrium under fictitious play like learning processes....
Persistent link: https://www.econbiz.de/10003921539
'. For the purpose of the experiment we used a Nash demand game with discrete strategies. We found that subjects without any …
Persistent link: https://www.econbiz.de/10012936354