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This paper is an empirical study, using new experimental data, of repeated game strategies in trust games; its goal is … indefinitely repeated trust games we infer trigger strategies that are consistent with equilibria. In finitely repeated games we …
Persistent link: https://www.econbiz.de/10005730282
In this study, we estimate unadjusted and adjusted gender gap in time preference, risk attitudes, altruism, trust …
Persistent link: https://www.econbiz.de/10012440271
We conduct a series of Cournot duopoly market experiments with a high number of repetitions and fixed matching. Our treatments include markets with (a) complete cost symmetry and complete information, (b) slight cost asymmetry and complete information, and (c) varying cost asymmetries and...
Persistent link: https://www.econbiz.de/10013295651
We conduct a series of Cournot duopoly market experiments with a high number of repetitions and fixed matching. Our treatments include markets with (a) complete cost symmetry and complete information, (b) slight cost asymmetry and complete information, and (c) varying cost asymmetries and...
Persistent link: https://www.econbiz.de/10014487322
Under what conditions can cooperation be sustained in a network of strangers? Here we study the role of institutions and uncover a new behavioral foundation for the use of monetary systems. In an experiment, anonymous subjects could cooperate or defect in bilateral random encounters. This...
Persistent link: https://www.econbiz.de/10011735015
Qualitative research has frequently had a bad press and tends to be regarded as non-rigorous, subjectively biassed and in general 'unscientific'. This paper is restatement of the merits of this type of research allied to a repudiation of the arguments of its various critics. Thus,it takes issue...
Persistent link: https://www.econbiz.de/10005618920
This brief article is by way of an extended comment on that piece which happened to contain factual claims central to the empirical research programme of one of us, and ethical and political issues of concern to us both. As readers will see, our view is that in his essay on cheap labour, (as...
Persistent link: https://www.econbiz.de/10005618949
Although it is well known that trust is an important component of the fulfilment of incomplete contracts, less is known …
Persistent link: https://www.econbiz.de/10010820329
Although it is well known that trust is an important component of the fulfilment of incomplete contracts, less is known … regarding how robust it is to past experiences. We present an experiment in which trust is required for transactions to occur … trust is surprisingly robust in the long-term. We argue that trust, through fragile in one way, is in another way more …
Persistent link: https://www.econbiz.de/10005227199
This paper looks to see if subjects approach long, indefinitely repeated Prisoner's Dilemma games featuring discounted payoffs with an option to opt out differently from how they approach long, indefinitely repeated Prisoner's Dilemma games that are randomly terminated. I show under relatively...
Persistent link: https://www.econbiz.de/10012899722