Similar Search Results

The recommendation effect in the hotelling game : a new result for an old model

Conze, Maximilian; Kramm, Michael - 2013

Hotellings berühmtes "Prinzip der minimalen Differenzierung" behauptet, dass zwei Firmen, die sich miteinander in räumlichem Wettbewerb befinden, dieselbe Position wählen. Wenn man räumlichen Wettbewerb als Modellierung von Produktdifferenzierung versteht, bedeutet dieses, dass die Firmen...

Persistent link: https://www.econbiz.de/10010221891

Individuals, teams and hometowns in an experimental market in China

Qin, Xiangdong; Shen, Junyi; Shimomura, Ken-ichi; … - 2015 - Rev. ed.

Persistent link: https://www.econbiz.de/10011293618

Does Market Experience Eliminate Market Anomalies? The Case of Exogenous Market Experience

List, John A. - 2011

A vibrant literature has emerged that suggests willingness to pay and willingness to accept measures of value are quite different for inexperienced consumers but that value differences erode with market experience. One potential shortcoming of this literature is that market experience is...

Persistent link: https://www.econbiz.de/10013127977

Equilibrium Play and Learning in a Stochastic Public Goods Experiment

Banerjee, Priyodorshi - 2012

which very negligible benefits are received by community members. Our theory predicts that the presence of such a “pass mark … significantly increase the incidence of free-riding, even when the theory predicts the opposite. In general, the mixed strategy Nash … that fit observed play in the laboratory much better than the earlier “steady state” theory predictions …

Persistent link: https://www.econbiz.de/10013107187

Information and Learning in Oligopoly : An Experiment

Bigoni, Maria - 2013

This paper presents an experiment on learning in repeated games, which complements the analysis of players' actual choices with data on the information acquisition process they follow. Subjects play a repeated Cournot oligopoly, with limited a priori information. The econometrics hinges on a...

Persistent link: https://www.econbiz.de/10013088340

XIRR Guessing Games and Distribution Waterfalls

Borden, Bradley T. - 2016

Distribution waterfalls in partnership and LLC agreements often incorporate IRR hurdles. Many of those agreements define IRR with reference to Microsoft Excel's XIRR function. That function, if given the correct inputs, can guess an IRR with impressive accuracy. When repurposed to compute IRR...

Persistent link: https://www.econbiz.de/10013000376

Learning to Deal With Repeated Shocks Under Strategic Complementarity : An Experiment

Bulutay, Muhammed - 2020

Experimental evidence shows that the rational expectations hypothesis fails to characterize the path to equilibrium after an exogenous shock when actions are strategic complements. Under identical shocks, however, repetition allows adaptive learning, so that inertia in adjustment should fade...

Persistent link: https://www.econbiz.de/10012842597

Learning to Deal With Repeated Shocks Under Strategic Complementarity : An Experiment

Bulutay, Muhammed - 2020

Persistent link: https://www.econbiz.de/10012842925

Perceiving Strategic Environments : An Experimental Study of Learning Under Minimal Information

Nicklisch, Andreas - 2006

We present the results of an experiment on learning with minimal information. Particularly, subjects are only provided with feedback about their own payoff from the last period of the game being played, but not with information about the structure of the game. We compare the empirical structure...

Persistent link: https://www.econbiz.de/10012732942

Complementary Information and Learning Traps

Liang, Annie - 2019

We develop a model of social learning from complementary information: Short-lived agents sequentially choose from a large set of flexibly correlated information sources for prediction of an unknown state, and information is passed down across periods. Will the community collectively acquire the...

Persistent link: https://www.econbiz.de/10012900782