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The role of public and private information in a laboratory financial market
Alfarano, Simone; Morone, Andrea; Camacho, Eva - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2011
The main advantages of a laboratory financial market with respect to field data are: (i) it allows us a perfect monitoring of the available information to each subject at any moment in time, and (ii) it gives us the possibility of recording subjects' trading activity in the market. In our...
Persistent link: https://www.econbiz.de/10008855314
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Handing Out Guns at a Knife Fight: Behavioral Limitations of Subgame-Perfect Implementation
Fehr, Ernst; Powell, Michael; Wilkening, Tom - Institute for the Study of Labor (IZA) - 2014
The assumption that payoff-relevant information is observable but not verifiable is important for many core results in contract, organizational and institutional economics. However, subgame-perfect implementation (SPI) mechanisms – which are based on off-equilibrium arbitration clauses that...
Persistent link: https://www.econbiz.de/10010891173
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Divided Loyalists or Conditional Cooperators? Creating Consensus about Cooperation in Multiple Simultaneous Social Dilemmas
McCarter, Matthew W.; Samak, Anya C.; Sheremeta, Roman M. - Economic Science Institute (ESI), Argyros School of … - 2014
The current social dilemma literature lacks theoretical consensus regarding how individuals behave when facing multiple simultaneous social dilemmas. The divided-loyalty hypothesis, from organizational theory, predicts that cooperation will decline as individuals experience multiple social...
Persistent link: https://www.econbiz.de/10010891247
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Can Rumors and Other Uninformative Messages Cause Illiquidity ?
Radu, Vranceanu; Besancenot, Damien; Dubart, Delphine - ESSEC Business School - 2013
In the model, a group of investors are invited to participate to a high-yield collective project. The project succeeds only if a minimum participation rate is reached. Before taking their decision, investors receive a vague statement about the outcome of a past investment decision. If investors...
Persistent link: https://www.econbiz.de/10010891614
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Learning about learning in games through experimental control of strategic interdependence
Shachat, Jason; Swarthout, J. Todd - 2013
We report results from an experiment in which humans repeatedly play one of two games against a computer program that follows either a reinforcement or an experience weighted attraction learning algorithm. Our experiment shows these learning algorithms detect exploitable opportunities more...
Persistent link: https://www.econbiz.de/10010892098
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Selling Experiments: Menu Pricing of Information
Bergemann, Dirk; Bonatti, Alessandro; Smolin, Alex - Cowles Foundation for Research in Economics, Yale University - 2014
A monopolist sells informative experiments to heterogeneous buyers. Buyers differ in their prior information, and hence … in their willingness to pay for additional signals. The monopolist can profitably offer a menu of experiments. We show … seller offers at most two experiments, and we derive conditions under which at vs. discriminatory pricing is optimal. …
Persistent link: https://www.econbiz.de/10010895649
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Managerial incentives under competitive pressure: Experimental investigation
Ennasri, Ahmed; Willinger, Marc - LAboratoire Montpelliérain d'Économie Théorique et … - 2011
We investigate the effects of competition on managerial incentives and effort in a laboratory experiment. Each owner offers compensation to his manager in two different contexts: monopoly and Cournot duopoly. After accepting the compensation, the manager chooses an effort level to increase the...
Persistent link: https://www.econbiz.de/10009371493
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Symmetric play in repeated allocation games
Kuzmics, Christoph; Palfrey, Thomas; Rogers, Brian - Center for Mathematical Studies in Economics and … - 2012
experiments that support many aspects of this theory. JEL Code: C73, C92, D63 …
Persistent link: https://www.econbiz.de/10010568484
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Coordination with differential time preferences : experimental evidence
Agranov, Marina; Kim, Jeongbin; Yariv, Leeat - 2024
Persistent link: https://www.econbiz.de/10014531344
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Organized crime, violence and support for the state
Daniele, Gianmarco; Pinotti, Paolo - 2023
Persistent link: https://www.econbiz.de/10014309633