Sherstyuk, Katerina; Tarui, Nori; Ravago, Majah-Leah; … - University of Hawai'i Economic Research Organization … - 2011
We consider payment schemes in experiments that model infinite-horizon games by using random termination. We compare paying subjects cumulatively for all periods of the game; with paying subjects for the last period only; with paying for one of the periods, chosen randomly. Theoretically,...