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We apply Camerer and Ho's experience-weighted attraction (EWA) model of learning to extensive-form signaling games. Since these games often have many equilibria, logical 'refinements' have been used to predict which equilibrium will occur. Brandts and Holt conjectured that belief formation could...
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Conservation easements allow landowners to transfer their land's development rights to another entity, usually a nontaxable conservation organization. Conservation reduces the town's tax base, necessitating a tax rate increase to maintain service levels. However, conserving land also decreases...
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The prospect of receiving a monetary sanction for free riding has been shown to increase contributions to public goods. We ask whether the impulse to punish is unresponsive to the cost to the punisher, or whether, like other preferences, it interacts with prices to generate a conventional demand...
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While natural resource valuation research has long accounted for heterogeneity in willingness-to-pay, recent studies consider whether estimated heterogeneity is primarily driven by a population of people with different preferences, or instead by differences in the attributes to which respondents...
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Recent experiments have indicated that it is possible to systematically lead subjects to less refined equilibria in signaling games. In this paper, we seek to understand the process by which this occurs using Camerer and Ho's Experience Weighted Attraction (EWA) model of learning in games. We...
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