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and may foster "competition". Both games capture a frequent trade-off between a potentially high paying but uncertain …
Persistent link: https://www.econbiz.de/10012215990
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 …
Persistent link: https://www.econbiz.de/10013251100
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Revealed preference theory is a powerful tool for testing models of individual choice. It is now being extended to collective choice models as well. In this paper we develop tests for whether play in a game is consistent with equilibrium behavior when preferences are unobserved. We provide...
Persistent link: https://www.econbiz.de/10014086148
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...
Persistent link: https://www.econbiz.de/10013092278
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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...
Persistent link: https://www.econbiz.de/10011985963
design and test a provision mechanism which utilizes rank competition to mitigate free-riding in impure public goods. In our … receive restricted access (a lower share). In a laboratory experiment Rank-Order-VCM elicits median contributions equal to the … ranks, the contributions are significantly lower and decline over time. We thus provide evidence of rank competition, in …
Persistent link: https://www.econbiz.de/10012064430
We perform an experimental test of a modification of the controversial canonical mechanism for Nash implementation, using 3 subjects in non-repeated groups, as well as 3 outcomes, states of nature, and integer choices. We find that this mechanism successfully implements the desired outcome a...
Persistent link: https://www.econbiz.de/10014220848