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relatively complex environments. In this experiment we test whether subjects are more likely to use imitation if they are under … stress. Subjects play a repeated Cournot oligopoly. Treatments are time pressure within the task and distractions through a … second task (a Stroop-task) that has to be performed as well and influences payment. We measure stress levels through salivary …
Persistent link: https://www.econbiz.de/10010362202
relatively complex environments. In this experiment we test whether subjects are more likely to use imitation if they are under … stress. Subjects play a repeated Cournot oligopoly. Treatments are time pressure within the task and distractions through a … second task (a Stroop-task) that has to be performed as well and influences payment. We measure stress levels through …
Persistent link: https://www.econbiz.de/10010443385
In oligopoly, imitating the most successful competitor yields very competitive outcomes. This theoretical prediction has been confirmed experimentally by a number of studies. A recent paper by Friedman et al. (2015) qualifies those results in an interesting way: while they replicate the very...
Persistent link: https://www.econbiz.de/10010505929
explain the gender gap in competitiveness. Experiment 1 studies whether stress responses (measured with salivary cortisol and … correlated with choosing to enter the voluntary competition for women. In Experiment 2 we exogenously induce stress using the … differently to acute stressors. We use two laboratory experiments to investigate whether factors related to stress can help …
Persistent link: https://www.econbiz.de/10011287487
-reporting and salivary cortisol. The study finds that PRP subjects had significantly higher cortisol levels and self-rated stress … randomly allocate subjects into a work task paid either by performance or a fixed payment. Stress is measured through self …
Persistent link: https://www.econbiz.de/10012533802
explain the gender gap in competitiveness. Experiment 1 studies whether stress responses (measured with salivary cortisol and … correlated with choosing to enter the voluntary competition for women. In Experiment 2 we exogenously induce stress using the … differently to acute stressors. We use two laboratory experiments to investigate whether factors related to stress can help …
Persistent link: https://www.econbiz.de/10010532607
We introduce a generalized theoretical approach to study imitation and subject it to rigorous experimental testing. In … our theoretical analysis we find that the different predictions of previous imitation models are due to different … laboratory experiment we test the different theories by systematically varying information conditions. We find significant …
Persistent link: https://www.econbiz.de/10010366552
The paper presents the concept of an imitation equilibrium and explores it in the context of some simple oligopoly … be suitable for imitation for various reasons. Only one of the most successful of the remaining members of the reference … group is imitated. Imitation is the adoption of the imitated player's strategy. Imitation equilibrium does not only mean …
Persistent link: https://www.econbiz.de/10011538885
We introduce a generalized theoretical approach to study imitation models and subject themodels to rigorous … experimental testing. In our theoretical analysis we find that the differentpredictions of previous imitation models are due to …. In alaboratory experiment we test the different theories by systematically varying informationconditions. We find that …
Persistent link: https://www.econbiz.de/10011509505
A well-known result by Vega-Redondo implies that in symmetric Cournot oligopoly, imitation leads to the Walrasian …
Persistent link: https://www.econbiz.de/10003593007