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This paper presents: (1) arguments comparing the use of Harsanyi and Selten's risk dominance (a measure of the 'risk' associated with choosing an action which supports an equilibrium) and payoff dominance as equilibrium selection criteria, (2) new experimental evidence which suggests the...
Persistent link: https://www.econbiz.de/10012775240
Research on the distribution of resources typically focuses on anticipated outcomes. This paper investigates the social norms people use to distribute adventitious (unanticipated) outcomes. Participants in this study read a scenario where either they, or the person they were with (an...
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