Narrow search
Showing 1 - 10 of 5,527
Cover Image
Learning in Tournaments with Inter-Generational Advice
Chaudhuri, Ananish; Sopher, Barry; Schotter, Andrew - In: Economics Bulletin 3 (2006) 26, pp. 1-16
) receive advice from that predecessor via free-form messages that generation t players leave for their generation t+1 … successors. We find that the presence of advice makes a difference in that the experimental groups who get advice perform better … with no recourse to such advice. …
Persistent link: https://www.econbiz.de/10005196499
Cover Image
Peer advice in a tax-evasion experiment
Wakolbinger, Florian; Haigner, Stefan Daniel - In: Economics Bulletin 29 (2009) 3, pp. 1653-1669
We examine peer effects in a tax-evasion experiment where subjects receive either advice or compliance data from …. Receiving advice or compliance data from the pool of low-compliance participants yields the lowest compliance rates. We show … that advice has a slightly bigger impact than observing the compliance of others and that subjects focus on payoff …
Persistent link: https://www.econbiz.de/10008563050
Cover Image
Performance Pay, Group Selection and Group Performance
Königstein, Manfred; Ruchala, Gabriele K. - Institute for the Study of Labor (IZA) - 2007
Within a laboratory experiment we investigate a principal-agent game in which agents may, first, self-select into a group task (GT) or an individual task (IT) and, second, choose work effort. In their choices of task and effort the agents have to consider pay contracts for both tasks as offered...
Persistent link: https://www.econbiz.de/10005822552
Cover Image
Legitimacy of Control
Schnedler, Wendelin; Vadovic, Radovan - Institute for the Study of Labor (IZA) - 2007
What is the motivational effect of imposing a minimum effort requirement? Agents may no longer exert voluntary effort but merely meet the requirement. Here, we examine how such hidden costs of control change when control is considered legitimate. We study a principalagent model where control...
Persistent link: https://www.econbiz.de/10005822988
Cover Image
Social capabilities in Alzheimer’s patients
Bosch-Domènech, Antoni; Nagel, Rosemarie; … - Department of Economics and Business, Universitat … - 2007
Patients with stage-I (very mild and mild) Alzheimer’s disease were asked to participate in a Dictator Game, a type of game in which a subject has to decide how to allocate a certain amount of money between himself and another person. The game enables the experimenter to examine the influence...
Persistent link: https://www.econbiz.de/10005827509
Cover Image
Mandatory Sick Pay Provision: A Labor Market Experiment
Bauernschuster, Stefan; Oechssler, Jörg; Duersch, Peter; … - Wirtschaftswissenschaftliche Fakultät, … - 2009
The question whether a minimum rate of sick pay should be mandated is much debated. We study the effects of this kind of intervention in an experimental labor market that is rich enough to allow for moral hazard, adverse selection, and crowding out of good intentions to occur. We find that...
Persistent link: https://www.econbiz.de/10008512519
Cover Image
The Social and Ecological Determinants of Common Pool Resource Sustainability
Kimbrough, Erik O.; Vostroknutov, Alexander - Department of Economics, Simon Fraser University - 2013
We study a novel, repeated common pool resource game in which current resource stocks depend on resource extraction in previous periods. Our model shows that for a sufficiently high regrowth rate, there is no commons dilemma: the resource will be preserved indefinitely in equilibrium. Lower...
Persistent link: https://www.econbiz.de/10010678312
Cover Image
An Experiment on Partnership Protocols for Bilateral Trade with Incomplete Information
Sopher, Barry; Sopher, Revan - Department of Economics, Rutgers University-New Brunswick - 2013
We study experimentally “partnership protocols” of the sort proposed by Kalai and Kalai (2010), for bilateral trade games with incomplete information. We utilize the familiar game analyzed by Chatterjee and Samuelson (1983) and Myerson and Sattherwaite (1983), with a buyer and seller with...
Persistent link: https://www.econbiz.de/10010678608
Cover Image
Fairness and motivation
Falk, Armin - In: IZA World of Labor (2014) September, pp. 1-10
How do firms motivate their employees to be productive? The conventional wisdom is that workers respond to monetary incentives—"Pay them more and they will work harder." However, a large and growing body of empirical evidence from laboratory and field experiments, surveys, and...
Persistent link: https://www.econbiz.de/10011156479
Cover Image
Behavioral Game Theory Experiments and Modeling
Camerer, Colin F.; Ho, Teck-Hua - Elsevier
This chapter reviews recent experimental data testing game theory and behavioral models that have been inspired to explain those data. The models fall into four groups: in cognitive hierarchy or level-k models, the assumption of equilibrium is relaxed by assuming agents have beliefs about other...
Persistent link: https://www.econbiz.de/10011255423