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easy. In our stochastic (alternating offer) bargaining experiment, there is a certain first-period pie and a known finite … requires information about all later pie sizes and probabilities, forward reasoning is expected to consider only the immediate … backward induction by control of information retrieval. We find that participants who begin with the shortest games before …
Persistent link: https://www.econbiz.de/10009559932
We let students play a corruption game, embedded into a variant of the ultimatum game. Those allotted the role of public servants chose between whistleblowing, opportunism and reciprocity by delivery (of a contract) and those acting as businesspeople chose how to frame the game and whether to...
Persistent link: https://www.econbiz.de/10009425287
rather than weakness. We test and confirm Schelling's conjecture in a simple take-it-or-leave bargaining experiment where the …In his classic article "An Essay on Bargaining" Schelling (1956) argues that ignorance might actually be strength …. -- strategic ignorance ; bargaining ; intentions ; experiment …
Persistent link: https://www.econbiz.de/10009517429
rather than weakness. We test and confirm Schelling's conjecture in a simple take-it-or-leave bargaining experiment where the …In his classic article "An Essay on Bargaining" Schelling (1956) argues that ignorance might actually be strength …
Persistent link: https://www.econbiz.de/10013118529
A key question in labor and contract law is when does bargaining power disparity become too large to be considered … exhibit the intuitively plausible but empirically untested presumption that efficient bargaining power disparities can be … unfair. The paper focuses on ex-post bargaining between agents locked in a relationship without a complete contract wherein …
Persistent link: https://www.econbiz.de/10012894755
information is available. The main questions addressed are whether a social norm of trust and reciprocity emerges under the most … extreme information restriction (community-wide enforcement) or whether trust and reciprocity require additional, individual …-specific information about a player's past history of play and how long that history must be. In the absence of such reputational …
Persistent link: https://www.econbiz.de/10013009228
Experiments in which subjects play simultaneously several finite prisoner's dilemma supergames with and without an outside option reveal that: (i) subjects use probabilistic start and endeffect behaviour, (ii) the freedom to choose whether to play the prisoner's dilemma game enhances...
Persistent link: https://www.econbiz.de/10014179648
We perform an experimental investigation using a dictator game in which individuals must make a moral decision - to give or not to give an amount of money to poor people in the Third World. A questionnaire in which the subjects are asked about the reasons for their decision shows that, at least...
Persistent link: https://www.econbiz.de/10014223441
We demonstrate that one should not expect convergence of the proposals to the subgame perfect Nash equilibrium offer in standard ultimatum games. First, imposing strict experimental control of the behavior of the receiving players and focusing on the behavior of the proposers, we show...
Persistent link: https://www.econbiz.de/10014075019
laboratory experiment we test the different theories by systematically varying information conditions. We find significant … effects of seemingly innocent changes in information. Moreover, the generalized imitation model predicts the differences …
Persistent link: https://www.econbiz.de/10011422119