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involve no conflicts of interest. While most experiments in the past studied such coordination games among socially distant …
Persistent link: https://www.econbiz.de/10012704757
non-neutrally, equilibrium ignores such framing. This paper reconsiders the results of experiments by Rubinstein, Tversky …
Persistent link: https://www.econbiz.de/10010536429
twelve 2 × 2 mixed strategy equilibria experiments. Case-based learning allows agents to explicitly incorporate information … determine the salience of past experiences for the agents. We find that, in constant sum games, opposing players' behavior is …
Persistent link: https://www.econbiz.de/10013200036
twelve 2 × 2 mixed strategy equilibria experiments. Case-based learning allows agents to explicitly incorporate information … determine the salience of past experiences for the agents. We find that, in constant sum games, opposing players' behavior is …
Persistent link: https://www.econbiz.de/10012432206
This paper presents a methodology to study the identification of the content of focal points (Schelling 1960). This question is important for external validity and operationalising theories of decision making (e.g. team-reasoning and level-k). Choices implied by different concepts are mapped...
Persistent link: https://www.econbiz.de/10010571489
Direct transfers allow heirs to freely use what has been passed on to them. Bequeathers who do not trust their descendants to make proper use of the fortune may prefer investing it in a safe foundation, thereby limiting their descendants’ autonomy. In our study we compare experimentally these...
Persistent link: https://www.econbiz.de/10005866700
In one-shot investment game experiments where each player's payo is a convexcombination of own and other's prot, trust …
Persistent link: https://www.econbiz.de/10005866849
We study the effects of leadership on the private provision of a public good when group members are heterogeneously endowed. Leadership is implemented as a sequential public goods game where one group member contributes first and all the others follow. Our results show that the presence of a...
Persistent link: https://www.econbiz.de/10005866855
We study sequential parimutuel betting markets with asymmetrically informed bettors, usingan experimental approach. In one treatment, groups of eight participants play twenty repetitionsof a sequential betting game. The second treatment is identical, except that bettors are observedby other...
Persistent link: https://www.econbiz.de/10005866873
This article examines the nature of human behavior in a nested socialdilemma referred to as the Spillover Game. Players are divided into twogroups with positive production interdependencies. Based on theoreticallyderived opportunistic, local, and global optima, our experimental...
Persistent link: https://www.econbiz.de/10009022157