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Stochastic Choice and Noisy Beliefs in Games : an Experiment
Friedman, Evan; Ward, Jeremy - 2022
We conduct an experiment in which we elicit subjects’ beliefs over opponents’ behavior multiple times for a given game …
Persistent link: https://www.econbiz.de/10014078590
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Contagion in Experimental Financial Markets
Vardanyan, Suren - 2017
We experimentally study the possibility that news of a crisis in one market may cause a contagious crisis in another market though there are no links between those markets. Literature provides models of contagion in which news of a crisis may cause contagion in Bandwagon and Strategic risk...
Persistent link: https://www.econbiz.de/10012964454
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Appropriating the commons : a theoretical explanation
Falk, Armin; Fehr, Ernst; Fischbacher, Urs - 2001
pool resource (CPR) experiments. The evidence indicates that in standard CPR games without communication and without …
Persistent link: https://www.econbiz.de/10011398786
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How to Preserve a Fortune: An Experimental Comparison of Foundations and Direct Transfers to the Heir
Güth, Werner; Koschmieder, Kurt-Dieter; Levati, Maria … - Max-Planck-Institut zur Erforschung von …
Direct transfers allow heirs to freely use what has been passed on to them. Bequeathers who do not trust their descendants to make proper use of the fortune may prefer investing it in a safe foundation, thereby limiting their descendants’ autonomy. In our study we compare experimentally these...
Persistent link: https://www.econbiz.de/10005866700
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Cooperative Networks: Theory and Experimental Evidence
Pantz, Katinka; Ziegelmeyer, Anthony - Max-Planck-Institut für Ökonomik <Jena> - Abteilung …
the results of two experiments. The ¯rst implemented environmentfollows the standard procedures for the voluntary … suf-¯cient to induce cooperative outcomes. In the second experiment we introduce the pairwisecommitment mechanism and we … observe aggregate cooperation rates beyond those observedin the ¯rst experiment whatever the monitoring cost but also beyond …
Persistent link: https://www.econbiz.de/10005866705
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The impact of payo interdependenceon trust and trustworthiness
Güth, Werner; Levati, Maria Vittoria; Ploner, Matteo - Max-Planck-Institut für Ökonomik <Jena> - Abteilung …
In one-shot investment game experiments where each player's payo is a convexcombination of own and other's prot, trust …
Persistent link: https://www.econbiz.de/10005866849
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Leading by example in a public goods experiment with heterogeneity and incomplete information
Levati, Maria Vittoria; Sutter, Matthias; Heijden, … - Max-Planck-Institut für Ökonomik <Jena> - Abteilung … - 2005
We study the effects of leadership on the private provision of a public good when group members are heterogeneously endowed. Leadership is implemented as a sequential public goods game where one group member contributes first and all the others follow. Our results show that the presence of a...
Persistent link: https://www.econbiz.de/10005866855
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Information Aggregation and Beliefs inExperimental Parimutuel Betting Markets
Koessler, Frédéric; Noussair, Charles; Ziegelmeyer, … - Max-Planck-Institut für Ökonomik <Jena> - Abteilung … - 2007
We study sequential parimutuel betting markets with asymmetrically informed bettors, usingan experimental approach. In one treatment, groups of eight participants play twenty repetitionsof a sequential betting game. The second treatment is identical, except that bettors are observedby other...
Persistent link: https://www.econbiz.de/10005866873
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Is playing alone in the darkness sufficient to preventinformational cascades?
Fiore, Annamaria; Morone, Andrea - Max-Planck-Institut für Ökonomik <Jena> - Abteilung …
Seminal models of herd behaviour and informational cascades point out the existence of information negativeexternalities, and propose to destroy information in order to achieve social improvements. Although in the lastyears many features of herd behaviour and informational cascades have been...
Persistent link: https://www.econbiz.de/10005866943
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Trust between individuals and groups: Groups are less trusting than individuals but just as trustworthy
Bornstein, Gary; Kocher, Martin; Kugler, Tamar; Sutter, … - Max-Planck-Institut für Ökonomik <Jena> - Abteilung …
We compared the behavior of groups and individuals in a two-person trust game. The first mover in this game, the sender, receives an endowment and can send any part of it to the responder; the amount sent is tripled, and the responder can then return to the sender any portion of the tripled sum....
Persistent link: https://www.econbiz.de/10005866950