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We use a power-to-resist game to find out the effects of individuals' judgments about a proposer's selection procedure on the willingness to offer resistance against proposed outcomes. In the experiment, one individual is selected on the grounds of a particular procedure. This individual is...
Persistent link: https://www.econbiz.de/10009356757
This paper examines the relationship between democratic institutions and domestic crime. We model the motivation for inciting crime in a two party setting and show that investment in con ictual campaigning is higher in economies characterized by weak institutions. We then test this prediction on...
Persistent link: https://www.econbiz.de/10014062041
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This paper presents the results of experiments carried out in two countries, Germany and Bulgaria, and for different allocation rules (first vs. second price auction vs. fair division game). The data analysis of the sealed-bid, private value-contests compares the bid function in both countries,...
Persistent link: https://www.econbiz.de/10009583890
Humans are social animals but sometimes stay alone. The paper investigates the connection between an intraperson game and an interperson interaction. Motivated beliefs supplied from memory management due to present bias in the individual investment problem give rise to a positive spillover on...
Persistent link: https://www.econbiz.de/10013219136
This paper presents the results of experiments carried out in two countries, Bulgaria and Germany, with different allocation rules (first- vs. second-price - auction vs. fair division game). The data analysis of the sealed-bid, private value-contests compares the bid functions, some features of...
Persistent link: https://www.econbiz.de/10014121524
This paper presents the results of experiments carried out in two countries, Bulgaria and Germany, with different allocation rules (first- vs. second-price - auction vs. fair division game). The data analysis of the sealed-bid, private value-contests compares the bid functions, some features of...
Persistent link: https://www.econbiz.de/10014123171
We examine the risky choices of contestants in the popular TV game show “Deal or No Deal” and related classroom experiments. Contrary to the traditional view of expected utility theory, the choices can be explained in large part by previous outcomes experienced during the game. Risk aversion...
Persistent link: https://www.econbiz.de/10010325560
I exploit a major structural change that has occurred in world soccer to study the impact ofincentives on outcomes in a strategic setting. A game-theoretic model is developed thatcaptures some essential strategic elements of soccer vis-à-vis the number of points awardedto a win. The observable...
Persistent link: https://www.econbiz.de/10009360784