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Learning about learning in games through experimental control of strategic interdependence

Shachat, Jason; Swarthout, J. Todd - 2013

We report results from an experiment in which humans repeatedly play one of two games against a computer program that follows either a reinforcement or an experience weighted attraction learning algorithm. Our experiment shows these learning algorithms detect exploitable opportunities more...

Persistent link: https://www.econbiz.de/10010892098

Selling Experiments: Menu Pricing of Information

Bergemann, Dirk; Bonatti, Alessandro; Smolin, Alex - Cowles Foundation for Research in Economics, Yale University - 2014

A monopolist sells informative experiments to heterogeneous buyers. Buyers differ in their prior information, and hence … in their willingness to pay for additional signals. The monopolist can profitably offer a menu of experiments. We show … seller offers at most two experiments, and we derive conditions under which at vs. discriminatory pricing is optimal. …

Persistent link: https://www.econbiz.de/10010895649

Correlation Neglect in Belief Formation

Enke, Benjamin; Zimmermann, Florian - University of Bonn, Germany - 2013

Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such context many people neglect these correlations in the updating process and treat correlated information as independent. In...

Persistent link: https://www.econbiz.de/10010895827

Statistical Power of Within and Between-Subjects Designs in Economic Experiments

Bellemare, Charles; Bissonnette, Luc; Kröger, Sabine - Centre Interuniversitaire sur le Risque, les Politiques … - 2014

usefulness of the approach in the context of field experiments on gift exchange. Our results suggest that a BS design requires …

Persistent link: https://www.econbiz.de/10010960506

Costs of Control in Groups

Riener, Gerhard; Wiederhold, Simon - ifo Leibniz-Institut für Wirtschaftsforschung an der … - 2011

This paper explores the role of social groups in explaining the reaction to control.We propose a simple model with a principal using control devices and a controlledagent, which incorporates the existence of social groups. Testing experimentally theconjectures derived from the model and related...

Persistent link: https://www.econbiz.de/10009371365

Managerial incentives under competitive pressure: Experimental investigation

Ennasri, Ahmed; Willinger, Marc - LAboratoire Montpelliérain d'Économie Théorique et … - 2011

We investigate the effects of competition on managerial incentives and effort in a laboratory experiment. Each owner offers compensation to his manager in two different contexts: monopoly and Cournot duopoly. After accepting the compensation, the manager chooses an effort level to increase the...

Persistent link: https://www.econbiz.de/10009371493