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We demonstrate that one should not expect convergence of the proposals to the subgame perfect Nash equilibrium offer in standard ultimatum games. First, imposing strict experimental control of the behavior of the receiving players and focusing on the behavior of the proposers, we show...
Persistent link: https://www.econbiz.de/10014075019
Does monitoring past conduct facilitate intertemporal cooperation? We designed an experiment characterized by strategic …
Persistent link: https://www.econbiz.de/10011713674
, but quantities are distributed asymmetrically. An experiment largely confirms the existence of such sophisticated play …
Persistent link: https://www.econbiz.de/10014077530
We study a decision maker (DM) who has preferences over choice problems, which are sets of payoff-allocations between herself and a passive recipient. An example of such a set is the collection of possible allocations in the classic dictator game. The choice of an allocation from the set is...
Persistent link: https://www.econbiz.de/10011690900
This paper studies theoretically and experimentally how the possibility of a negative payoff to one player in 2-by-2 hawk-dove games affects the strategic behavior of both players. Exposing column players to a possibility of negative payoff allows us to examine if row players can anticipate the...
Persistent link: https://www.econbiz.de/10013301539
Persistent link: https://www.econbiz.de/10010481921
We provide the first experimental results on a two-stage model of militarized conflict based on the ubiquitous ultimatum bargaining game that dominates much of the theoretical analysis of international relations. We illustrate how data from experimental trials deviate from the equilibrium...
Persistent link: https://www.econbiz.de/10013140566
Persistent link: https://www.econbiz.de/10013384584
This paper aims to contribute to the literature on Nash program by experimentally comparing the results of "structured" (non-cooperative) demand-based and offer-based mechanisms that implement the Shapley value as an ex-ante equilibrium outcome with the results of corresponding "semi-structured"...
Persistent link: https://www.econbiz.de/10014451922
Persistent link: https://www.econbiz.de/10003972203