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parameterizations studied. The theoretical conclusions are tested through laboratory experiments. Subjects have difficulty identifying …
Persistent link: https://www.econbiz.de/10005123593
Democratic systems are built, with good reason, on majoritarian principles, but their legitimacy requires the protection of strongly held minority preferences. The challenge is to do so while treating every voter equally and preserving aggregate welfare. One possible solution is storable votes:...
Persistent link: https://www.econbiz.de/10008794444
implementation. In our experiments, realized efficiency levels were remarkably close to theoretical equilibrium predictions, while …
Persistent link: https://www.econbiz.de/10005128153
implementation. In our experiments, realized efficiency levels were remarkably close to theoretical equilibrium predictions, while …
Persistent link: https://www.econbiz.de/10005662312
I describe ten situations in which experimental data may provide useful guidance to the study of cheap-talk games. Journal of Economic Literature Classification Numbers: C92, D8.
Persistent link: https://www.econbiz.de/10010702951
Using trust games, we study how promises and messages are used to build new trust where it did not previously exist and to rebuild damaged trust. In these games, trustees made non-binding promises of investment-contingent returns, then investors decided whether to invest, and finally trustees...
Persistent link: https://www.econbiz.de/10010817405
Using trust games, we study how promises and messages are used to build new trust where it did not previously exist and to rebuild damaged trust. In these games, trustees made non-binding promises of investment-contingent returns, then investors decided whether to invest, and finally trustees...
Persistent link: https://www.econbiz.de/10010719255
Using trust games, we study how promises and messages are used to build new trust where it did not previously exist and to rebuild damaged trust. In these games, trustees made non-binding promises of investment-contingent returns, then investors decided whether to invest, and finally trustees...
Persistent link: https://www.econbiz.de/10011108986
We use experiments to study coordination in games with incomplete information. In the games, one player knows the …
Persistent link: https://www.econbiz.de/10010552459
Numerous papers show how game theory can improve our understanding of literature. There is no paper, however, using experimental economics to arrive at a new understanding of a play. We fill this gap by using experimental evidence to compare the last two versions of Molière's Tartuffe. In the...
Persistent link: https://www.econbiz.de/10010636229