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We present an economic experiment on network formation, in which subjects can decide to form links to one another …. Direct links are costly but being connected is valuable. The gametheoretic basis for our experiment is the model of Bala and …
Persistent link: https://www.econbiz.de/10013320016
This paper considers the design and analysis of networked experiments, which are rapidly becoming one of the most precise tools available for studying social behavior. As a result of digitization, the scale, scope and complexity of networked experiments has greatly expanded in recent years,...
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equilibrium in repeated strategic interactions. We study behavior in a p-beauty contest experiment and find striking differences … translates into better analytic reasoning and a better 'theory of mind.' …
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logit equilibrium model was used to design an experiment in which the high-price firm's market share varies. The model …
Persistent link: https://www.econbiz.de/10014111531
This paper provides a survey of recent experimental work in economics focusing on social and economic networks. The experiments consider networks of coordination and cooperation, buyer-seller networks, and network formation
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