Showing 81 - 90 of 158,454
be represented by profile pictures or avatars. In a laboratory experiment, we investigate whether the presence of seller …
Persistent link: https://www.econbiz.de/10012507298
Existing models of regret aversion assume that individuals can make an ex-post comparison between their choice and a foregone alternative. Yet in many situations such a comparison can be made only if someone else chose the alternative option. We develop a model where regret-averse agents must...
Persistent link: https://www.econbiz.de/10012864718
The effectiveness of pre-play communication in achieving efficient outcomes has long been a subject of controversy. In some environments, cheap talk may help to achieve coordination. However, Aumann conjectures that, in a variant of the Stag Hunt game, a signal for efficient play is not...
Persistent link: https://www.econbiz.de/10014221245
We examine the effect of unilateral and mutual partner selection in the context of prisoner's dilemmas experimentally. Subjects play simultaneously several finitely repeated two-person prisoner's dilemma games. We find that unilateral choice is the best system. It leads to low defection and...
Persistent link: https://www.econbiz.de/10014150120
In this paper, we investigate behavior in two-player sequential-move contests with complete and incomplete information about the value of the prize, theoretically and experimentally. First, we describe a Bayesian equilibrium of a sequential contest in which both players have private prize...
Persistent link: https://www.econbiz.de/10014237552
Level-k thinking and Cognitive Hierarchy have been widely applied as a normalform solution concept in behavioral and experimental game theory. We consider the extension of level-k thinking to extensive-form games. Player's may learn about levels of opponents' thinking during the play of the game...
Persistent link: https://www.econbiz.de/10013350881
-binding price requests. Using a laboratory experiment, we examine how competition moderates the way such cheap-talk communication …
Persistent link: https://www.econbiz.de/10014299618
Persistent link: https://www.econbiz.de/10012887056
personality on investor trust and trustee reciprocity in the presence relative to the absence of the investor's option to punish … levels of investor trust and trustee reciprocity, while there is a significant increase in both behaviors when punishment was … counterparts. The reliability of the strategic effects of anti-social personality during trust, reciprocity and punishment strongly …
Persistent link: https://www.econbiz.de/10011794369
We use a ‘multi-player dictator game' (MDG) with ‘social information' about the contribution decision about a previous dictator to examine whether average contributions as well as the behavioural strategy adopted are affected by the first amount presented (the ‘anchor') using a sequential...
Persistent link: https://www.econbiz.de/10012864199