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employees to accept lower wages as well? As an alternative to reviewing statistical data we have performed an experiment with a … that employers will not lower wages correspondingly and that employees will resist such wage cuts. Our experiment casts two …
Persistent link: https://www.econbiz.de/10014192066
engage in selfless, group-beneficial acts. This paper presents the results of an experiment designed to quantify the extent …
Persistent link: https://www.econbiz.de/10014121445
Costless and non-binding pre-play communication (cheap talk) has been found to often be effective in achieving efficient outcomes in experimental games. However, in previous two-player experimental games each player was informed about both his payoff and the action of the other player in the...
Persistent link: https://www.econbiz.de/10014122582
This work presents experimental results on a coordination game in which agents must repeatedly choose between two sides, and a positive fixed payoff is assigned only to agents who pick the minoritarian side. We conduct laboratory experiments in which stationary groups of five players play the...
Persistent link: https://www.econbiz.de/10014065544
In many social dilemmas, individuals tend to generate a situation with low payoffs instead of a system optimum (tragedy of the commons). Is the routing of traffic a similar problem? In order to address this question, we present experimental results on humans playing a route choice game in a...
Persistent link: https://www.econbiz.de/10014066101
and social norms, and trust. In a preregistered online experiment (n = 1,038), we find that biased institutions reduce …
Persistent link: https://www.econbiz.de/10014345629
and social norms, and trust. In a preregistered online experiment (n = 1,038), we find that biased institutions reduce …
Persistent link: https://www.econbiz.de/10014346014
In this paper we test the effect of descriptive “features” on initial strategic behavior in normal form games, where “descriptive” are all those features that can be modified without altering the (Nash) equilibrium structure of a game. We observe that our experimental subjects behave...
Persistent link: https://www.econbiz.de/10014190769
Persistent link: https://www.econbiz.de/10008657835
Persistent link: https://www.econbiz.de/10001548848