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Crowding out and imitation behavior in the solidarity game
Vogel, Claudia; Heimel, Jana; Bolle, Friedel - 2004
In the Solidarity Game (Selten and Ockenfels, 1998), two "rich" persons can support a "poor" one. A strong positive … correlation between one rich person's solidarity contribution and his expected contribution of the other is observed. This paper …
Persistent link: https://www.econbiz.de/10010297227
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Imitation : theory and experimental evidence
Apestgeguia, Jose; Huck, Steffen; Oechssler, Joerg - 2005
We introduce a generalized theoretical approach to study imitation and subject it to rigorous experimental testing. In … our theoretical analysis we find that the different predictions of previous imitation models are due to different … effects of seemingly innocent changes in information. Moreover, the generalized imitation model predicts the differences …
Persistent link: https://www.econbiz.de/10010366552
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Information and learning in oligopoly : an experiment
Bigoni, Maria; Fort, Margherita - 2013 - This version: January 4, 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/10011730377
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Incentive magnitude effects in experimental games : bigger is not necessarily better
Pulford, Briony D.; Colman, Andrew M.; Loomes, Graham - In: Games 9 (2018) 1/4, pp. 1-10
In experimental games, task-related incentives are payments to experimental subjects that vary according to their strategy choices and the consequent outcomes of the games. Limited evidence exists regarding incentive magnitude effects in experimental games. We examined one-off strategy choices...
Persistent link: https://www.econbiz.de/10011848336
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Do legal standards affect ethical concerns of consumers?
Danz, David; Engelmann, Dirk; Kübler, Dorothea - 2020
To address the impact of regulation on ethical concerns of consumers, we study the example of minimum wages. In our experimental market, consumers have monopsony power, firms set prices and wages, and workers are passive recipients of a wage payment. We find that the majority of consumers...
Persistent link: https://www.econbiz.de/10012236843
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Rage Against the Machines: How Subjects Learn to Play Against Computers
Dürsch, Peter; Kolb, Albert; Oechssler, Jörg; … - 2005
play, imitation, reinforcement learning, and a trial & error process. We test whether subjects try to influence those … and that all learning algorithms are subject to exploitation with the notable exception of imitation. The experiment was …
Persistent link: https://www.econbiz.de/10011422135
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Imitation - Theory and Experimental Evidence
Apestgeguia, Jose; Huck, Steffen; Oechssler, Jörg - 2005
We introduce a generalized theoretical approach to study imitation and subject it to rigorous experimental testing. In … our theoretical analysis we find that the different predictions of previous imitation models are due to different … effects of seemingly innocent changes in information. Moreover, the generalized imitation model predicts the differences …
Persistent link: https://www.econbiz.de/10010333735
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Rage Against the Machines: How Subjects Learn to Play Against Computers
Dürsch, Peter; Kolb, Albert; Oechssler, Jörg; … - 2005
play, imitation, reinforcement learning, and a trial & error process. We test whether subjects try to influence those … and that all learning algorithms are subject to exploitation with the notable exception of imitation. The experiment was …
Persistent link: https://www.econbiz.de/10010333843
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Multiple behavioral rules in Cournot oligopolies
Alós-Ferrer, Carlos; Ritschel, Alexander - 2019
We show that economic decisions in strategic settings are co-determined by multiple behavioral rules. A simple model of intra-individual behavioral heterogeneity predicts testable differences depending on whether rules share a common prescription (alignment) or not (conflict), a classification...
Persistent link: https://www.econbiz.de/10012056814
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Rage Against the Machines: How Subjects Learn to Play Against Computers
Dürsch, Peter; Kolb, Albert; Oechssler, Jörg; … - 2005
play, imitation, reinforcement learning, and a trial & error process. We test whether subjects try to influence those … and that all learning algorithms are subject to exploitation with the notable exception of imitation. The experiment was …
Persistent link: https://www.econbiz.de/10010263153