In the past, many refinements have been proposed to select equilibria in cheap talk games. Usually, these refinements were motivated by a discussion of how rational agents would reason in some particular cheap talk games. In this paper, we propose a new refinement and stability measure that is...

This paper investigates an implication of the self-serving bias for reciprocalresponses. It is hypothesized that negative intentionality matters more thanpositive intentionality for reciprocating individuals with a self-servingattributional style. Experimental evidence obtained in the hot...

In this article results of the two experiments, aimed at the development of the instrument (test) that would enable construction of the comprehensive measure of individual overconfidence for the use in economic overconfidence experiments, are presented. Instrument was obtained in a two-stage...

В статье рассматриваются первые этапы зарождения экспериментальной экономики — нового направления в экономической науке, ведущего свою историю с 50-х годов XX в....

We examine experimentally how humans behave when they play against a computer which implements its part of a mixed strategy Nash equilibrium. We consider two games, one zero-sum and another unprofitable with a pure minimax strategy. A minority of subjects' play was consistent with their Nash...

We report on experimental markets for a contingent claim asset that eight subjects traded for nine periods before the state was revealed. There is an informative binary signal that arrives after each of the first eight trading rounds. In our baseline treatment the realization of the signal is...