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Standard equilibrium concepts in game theory find it difficult to explain the empirical evidence from a large number of static games, including the prisoner's dilemma game, the hawk-dove game, voting games, public goods games and oligopoly games. Under uncertainty about what others will do in...
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-assessments can be detrimental to workers' performance. In the controlled environment of a laboratory gift-exchange experiment, our …
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We study how response time in a laboratory experiment on bank runs affects withdrawal decisions. In our setup, the bank … difficulty and optimality of withdrawal decision. We hypothesize that a) the more difficult the decision, the longer the response …
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We run an experiment on the impact of involvement and outcome favorability on the acceptance of collective decisions …. It involves 763 students at the Poznan University of Economics and Management. The collective decision chooses one out of … the decision using the mind game and psychological scales of short-run affective state. We find strong support for outcome …
Persistent link: https://www.econbiz.de/10014530724
We explore the influence of cognitive ability and judgment on strategic behavior in the beauty contest game (where the Nash equilibrium action is zero). Using the level-k model of bounded rationality, cognitive ability and judgment both predict higher level strategic thinking. However,...
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Lecture audiences and students were asked to respond to virtual decision and game situations at gametheory …
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