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Georgalos, Konstantinos; Ray, Indrajit; Gupta, Sonali Sen - 2019

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

Can Groups Solve the Problem of Overbidding in Contests?

Sheremeta, Roman M.; Zhang, Jingjing - Department of Economics, McMaster University - 2009

This paper reports an experiment that examines whether groups can make better decisions than individuals in contests. Our experiment replicates previous findings that individual players significantly overbid relative to theoretical predictions, incurring substantial losses. There is high...

Persistent link: https://www.econbiz.de/10008528454

Reputation and Multilateral Punishment under Uncertainty

Hajikhameneh, Aidin - 2017

Principal-agent problems can reduce gains from exchange available in long distance trade. One solution to mitigate this problem is multilateral punishment, whereby groups of principals jointly punish cheating agents by giving them bad reputations. But how does such punishment work when there is...

Persistent link: https://www.econbiz.de/10012950453

Negotiating Cooperation Under Uncertainty : Communication in Noisy, Indefinitely Repeated Interactions

Dvorak, Fabian - 2018

understood. We study cooperation under different monitoring and communication structures in the laboratory. Under all monitoring … monitoring, where actions can only be observed with noise, cooperation is stable only when subjects can communicate before every …

Persistent link: https://www.econbiz.de/10012908872

Talk to Me : Communication Reduces Uncertainty in Noisy, Indefinitely Repeated Interactions

Dvorak, Fabian - 2020

Case studies of cartels and recent theory suggest that communication promotes cooperation under imperfect monitoring … uncertainty, which boosts cooperation at the beginning of an interaction. Under perfect monitoring, this is sufficient to reach a … under imperfect monitoring, where players face additional uncertainty about the history of play …

Persistent link: https://www.econbiz.de/10012854170

Risk Premia and Knightian Uncertainty in an Experimental Market Featuring a Long-Lived Asset

Griffin, John - 2015

This study examines risk premia in a laboratory market featuring a long-lived asset. The research is enabled by prevention of the persistent bubbles and crashes endemic to laboratory markets utilizing long-lived assets. Positive, statistically significant risk premia are reported, in support of...

Persistent link: https://www.econbiz.de/10013027527

Comparison and Evaluation of Organizational Transactions for Continuous Auditing and Business Compliance

Santos, Henrique; Marques, Rui Pedro; Santos, Carlos - In: International Journal of Information System Modeling … 9 (2018) 2, pp. 1-23

This article presents a comparator module which aims to compare, in real time, executions of organizational transactions with patterns of behaviors of these transaction executions, allowing the determination of which execution pattern is being followed by running each transaction. This is...

Persistent link: https://www.econbiz.de/10012045661

A framework for integrated risk management in information technology

Bandyopadhyay, Kakoli; Mykytyn, Peter P.; Mykytyn, Kathleen - In: Management Decision 37 (1999) 5, pp. 437-445

monitoring. The framework can be used to guide organizations in reducing the losses resulting from the realization of threats to …

Persistent link: https://www.econbiz.de/10014933983

Institutional dual holdings and expected crash risk : evidence from mergers between lenders and equity holders

Li, Bing; Liu, Zhenbin; Pittman, Jeffrey A.; Yang, Shijie - In: Contemporary accounting research : the journal of the … 41 (2024) 3, pp. 1819-1850

Persistent link: https://www.econbiz.de/10015156986

Modelling on-line reliability and risk to schedule the preventive maintenance of repairable assets in network utilities

Crespo Márquez, Adolfo; Gómez, Juan Francisco; Moreu … - In: IMA journal of management mathematics 24 (2013) 4, pp. 437-450

Persistent link: https://www.econbiz.de/10009789408