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beaten by any strategy. We provide necessary and sufficient conditions for imitation to be unbeatable in the sense that there … is no strategy that can exploit imitation as a money pump. In particular, imitation is subject to a money pump if and … condition for imitation not being subject to a money pump is that the relative payoff game is a generalized ordinal potential …
Persistent link: https://www.econbiz.de/10009544162
Persistent link: https://www.econbiz.de/10003825472
We show in a public goods experiment on three continents that conditional cooperation is a universal behavioral …
Persistent link: https://www.econbiz.de/10010293430
In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we …
Persistent link: https://www.econbiz.de/10003878997
Psychological game theory can provide a rational choice explanation of framing effects; frames influence beliefs, and beliefs influence motivations. We explain this point theoretically, and explore its empirical relevance experimentally. In a 2×2-factorial framing design of one-shot public good...
Persistent link: https://www.econbiz.de/10003385854
We show in a public goods experiment on three continents that conditional cooperation is a universal behavioral ….S.A. than anywhere else. -- conditional cooperation ; public goods ; experiment …
Persistent link: https://www.econbiz.de/10009729297
prediction is tested experimentally. In an online experiment that was conducted during the FIFA World Cup 2010 participants were …
Persistent link: https://www.econbiz.de/10009693418
We analyze subjects' eye movements while they make decisions in a series of one-shot games. The majority of them perform a partial and selective analysis of the payoff matrix, often ignoring the payoffs of the opponent and/or paying attention only to specific cells. Our results suggest that...
Persistent link: https://www.econbiz.de/10009709528
The distinct historical and cultural experiences of American blacks and whites may influence whether members of those groups perceive a particular exchange as fair. We investigate racial differences in fairness standards using preferences for equal treatment in the ultimatum game, where...
Persistent link: https://www.econbiz.de/10009233933
induce experimenter demand effects. In a Cournot oligopoly experiment we explore whether control questions influence subjects …
Persistent link: https://www.econbiz.de/10010222143