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This paper experimentally investigates cooperative game theory from a normative perspective. Subjects designated as Decision Makers express their view on what is fair for others, by recommending a payoff allocation for three subjects (Recipients) whose substitutabilities and complementarities...
Persistent link: https://www.econbiz.de/10014151824
Pairs of trustors play finitely repeated Trust Games with the same trustee in a laboratory experiment. We study … experiment, with respect to trustfulness, allows for disentangling learning effects from a trustor's own experience with the …
Persistent link: https://www.econbiz.de/10014190692
We introduce experimental persuasion between Sender and Receiver. Sender chooses an experiment to perform from a … feasible set of experiments. Receiver observes the realization of this experiment and chooses an action. We characterize … the experiment. Our model includes Bayesian persuasion as the special case in which every experiment is feasible; however …
Persistent link: https://www.econbiz.de/10013215572
Persistent link: https://www.econbiz.de/10012168508
This paper analyzes blindfolded versus informed ultimatum bargaining where proposer and responder are both either uninformed or informed about the size of the pie. Analyzing the transition from one information setting to the other suggests that more information induces lower (higher) price...
Persistent link: https://www.econbiz.de/10011458465
We report an experiment that uses the strategy method (Selten 1967) to elicit subjects' general strategy for playing …
Persistent link: https://www.econbiz.de/10011539702
paper we present the results of an experiment on the influence of private payoff information and the role of the available …
Persistent link: https://www.econbiz.de/10011570166
In our experimental setting, participants face the decision to invest into two assets which are subject to correlated information. While fundamental states and signals about fundamental states are correlated, success and default of the investment projects is determined separately. Nevertheless,...
Persistent link: https://www.econbiz.de/10011719838
experiment. We investigate whether information provision attracts mainly high productivity individuals and reduces competition … decision problem and to update beliefs about success. In the experiment, subjects face the choice between a competition game …
Persistent link: https://www.econbiz.de/10010282257
experiment. We investigate whether information provision attracts mainly high productivity individuals and reduces competition … decision problem and to update beliefs about success. In the experiment, subjects face the choice between a competition game …. -- competition ; experiment ; information ; overconfidence ; self-assessment ; self-selection ; tournament …
Persistent link: https://www.econbiz.de/10009534049