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Dittrich, Dennis A. V.; Güth, Werner; Kocher, Martin; … - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft

Bidding challenges learning theories since experiences for the same bid vary stochastically: the same choice can result in a gain or a loss. In such an environment the question arises how the nearly universally documented phenomenon of loss aversion affects the adaptive dynamics. We analyze the...

Persistent link: https://www.econbiz.de/10005588009

Experimental evidence of the importance of gender pairing in bargaining

Sutter, Matthias; Bosman, Ronald; Kocher, Martin; … - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2003

We study the influence of gender on economic decision making in a two-person bargaining game. By testing hypotheses derived from evolutionary psychology and social role theory, we find that (1) gender per se has no significant effect on behavior, whereas (2) gender pairing systematically affects...

Persistent link: https://www.econbiz.de/10005588014

Do Liberals Play Nice? The Effects of Party and Political Ideology in Public Goods and Trust Games

Anderson, Lisa R.; Mellor, Jennifer M.; Milyo, Jeffrey - Department of Economics, College of William & Mary - 2004

tendency to make contributions in a public goods experiment. However, in keeping with conventional wisdom (but not necessarily …

Persistent link: https://www.econbiz.de/10005588177

Procedural Satisfaction Matters - Procedural Fairness does not: An Experiment Studying the Effects of Procedural Judgments on Outcome Acceptance

Mertins, Vanessa - Institut für Arbeitsrecht und Arbeitsbeziehungen in … - 2008

By reporting data from a laboratory experiment, we provide clear evidence that people value procedures apart from their …

Persistent link: https://www.econbiz.de/10005593063

An experimental study of decisions in dynamic optimization problems

Matheny, Kenneth; Noussair, Charles - In: Economic Theory 15 (2000) 2, pp. 389-419

We study decisions of subjects who are given an incentive to solve dynamic optimization problems with the structure of a single-agent, one-sector, closed economy macroeconomic model. The decision task involves a sequence of choices of consumption and investment levels. Treatment variables...

Persistent link: https://www.econbiz.de/10005597889

On the survival of some unstable two-sided matching mechanisms

Ünver, M. Utku - In: International Journal of Game Theory 33 (2005) 2, pp. 239-254

Persistent link: https://www.econbiz.de/10005598510

Cournot Competition and Hit-and-Run Entry and Exit in a Teaching Experiment

Simon GÃ¤chter; Christian ThÃ¶ni; Tyran, Jean-Robert - In: Journal of Economic Education 37 (2006) 4, pp. 418-430

Instructors can use a computerized experiment to introduce students to imperfect competition in courses on introductory … thinking in general, the experiment serves to demonstrate that profits of a firm fall as the number of competitors is increased … in a market and that firms enter profitable markets. The authors have used the experiment in undergraduate classes on …

Persistent link: https://www.econbiz.de/10005600596

Ostracism and the Provision of a Public Good, Experimental Evidence

Maier-Rigaud, Frank P.; Martinsson, Peter; Staffiero, … - Max-Planck-Institut zur Erforschung von … - 2005

We analyze the effects of ostracism on cooperation in a linear public good experiment. Our results show that …

Persistent link: https://www.econbiz.de/10005612385

on the efficiency of team-based meritocracies

Gunnthorsdottir, Anna; Vragov, Roumen; seifert, Stefan; … - Volkswirtschaftliche Fakultät, … - 2008

According to theory a pure meritocracy is efficient because individual members are competitively rewarded according to their individual contributions to society. However, purely individually based meritocracies seldom occur. We introduce a new model of social production called “team-based...

Persistent link: https://www.econbiz.de/10005616844

Unique bid auctions: Equilibrium solutions and experimental evidence

Rapoport, Amnon; Otsubo, Hironori; Kim, Bora; Stein, … - Volkswirtschaftliche Fakultät, … - 2007

Two types of auction were introduced on the Internet a few years ago and have rapidly been gaining widespread popularity. In both auctions, players compete for an exogenously determined prize by independently choosing an integer in some finite and common strategy space specified by the...

Persistent link: https://www.econbiz.de/10005619420