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Is Reputation Good or Bad? An Experiment
Grosskopf, Brit - 2006
theory. Our unified reputation framework theoretically allows for either the good or the bad reputation prediction to emerge …
Persistent link: https://www.econbiz.de/10012733116
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Beliefs in Repeated Games
Nachbar, John H. - 2003
Consider a two-player discounted infinitely repeated game. A player's belief is a probability distribution over the opponent's repeated game strategies. This paper shows that, for a large class of repeated games, there are no beliefs that satisfy three conditions, learnability, consistency, and...
Persistent link: https://www.econbiz.de/10014075062
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An Experiment on Learning with Limited Information : Nonconvergence, Experimentation Cascades, and the Advantage of Being Slow
Friedman, Eric; Shor, Mikhael; Shenker, Scott; Sopher, Barry - 2012
We present the results of an experiment on learning in a continuous-time low-information setting. For a dominance …
Persistent link: https://www.econbiz.de/10014056756
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Eliciting Strategies in Indefinitely Repeated Games of Strategic Substitutes and Complements
Embrey, Matthew - 2017
We introduce a novel method to elicit strategies in indefinitely repeated games and apply it to games of strategic substitutes and complements. We find that out of 256 possible unit recall machines (and 1024 full strategies) participants could use, only five machines are used more than 5 percent...
Persistent link: https://www.econbiz.de/10012965901
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Sick pay provision in experimental labor markets
Dürsch, Peter; Oechssler, Joerg; Vadovič, Radovan - 2008
Sick pay is a common provision in most labor contracts. This paper employs an experimental gift-exchange environment to explore two related questions using both managers and undergraduates as subjects. First, do workers reciprocate sick pay in the same way as they reciprocate wage payments?...
Persistent link: https://www.econbiz.de/10003770700
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Endogenous cartel formation : experimental evidence
Fonseca, Miguel A.; Normann, Hans-Theo - 2014
In a Bertrand-oligopoly experiment, firms choose whether or not to engage in cartel-like communication and, if so, they …
Persistent link: https://www.econbiz.de/10010401724
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Watch Your Words : An Experimental Study on Communication and the Opportunity Cost of Delegation
Antinyan, Armenak - 2019
Communication has been shown to play a positive role in promoting trust, yet there is no evidence on how sensitive this result is to the size of the gains from cooperation. To investigate this issue, we adopt an experimental design in which a trustee can send a free form message to a trustor,...
Persistent link: https://www.econbiz.de/10012900477
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Behavior in Group Contests : A Review of Experimental Research
Sheremeta, Roman M. - 2015
incentive to abstain from expending any effort and instead free-ride on the efforts of other members. Contest theory shows that … relative to the theory. We discuss potential explanations for such over-expenditure, including the utility of winning, bounded … support for the comparative statics predictions of the theory (with the exception of the “group size paradox”). Finally …
Persistent link: https://www.econbiz.de/10013013877
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Investigating Herding Behavior in an Experimental Setup
Dalmia, Vinayak - 2014
theoretical propositions were put to test. The broad results from this experiment were not inconsistent with the theory. Further …
Persistent link: https://www.econbiz.de/10013053636
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Experimenting with Contests for Experimentation
Deck, Cary A. - 2016
We report an experimental test of alternative rules in innovation contests when success may not be feasible and contestants may learn from each other. Following Halac et al. (forthcoming), the contest designer can vary the prize allocation rule from Winner-Take-All in which the first successful...
Persistent link: https://www.econbiz.de/10012992465