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-world organizations are discussed. -- gender pairing ; bargaining ; psychology ; experiment …-person bargaining game where the other party's gender is known to both actors. We find that (1) gender per se has no significant effect … and retaliation and, thus, lower efficiency when the bargaining partners have the same gender than when they have the …
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We use machine learning to uncover regularities in the initial play of matrix games. We first train a prediction algorithm on data from past experiments. Examining the games where our algorithm predicts correctly, but existing economic models don't, leads us to add a parameter to the best...
Persistent link: https://www.econbiz.de/10012900561
We conducted a set of experiments to compare the effect of ambiguity in single person decisions and games. Our results suggest that ambiguity has a bigger impact in games than in ball and urn problems. We find that ambiguity has the opposite effect in games of strategic substitutes and...
Persistent link: https://www.econbiz.de/10012968585
messages, on their credibility and on actual play. We run an experiment in a three-player coordination game with Pareto ranked …
Persistent link: https://www.econbiz.de/10012978828
In this paper we analyze negative reciprocity theoretically as well as experimentally. Although the reciprocity model of Dufwenberg and Kirchsteiger (2004) is often cited in the literature to justify why people punish unkind behavior, we show that this model is not able to predict punishments in...
Persistent link: https://www.econbiz.de/10013040426
messages, on their credibility and on actual play. We run an experiment in a three-player coordination game with Pareto ranked …
Persistent link: https://www.econbiz.de/10013045359
This paper analyzes a two-person, two-stage model of sequential exploration, where both information and payoff …-interested and perfectly rational, the information externality induces an encouragement effect: a positive effect of first …
Persistent link: https://www.econbiz.de/10014103707
The Coase theorem posits: If [1] property rights are perfect, [2] contracts are enforceable, [3] preferences are common knowledge, and [4] transaction costs are zero, then the initial allocation of property rights only matters for distribution, not for efficiency. In this paper we claim that...
Persistent link: https://www.econbiz.de/10014131106