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Avoiding information about adverse welfare consequences of self-interested decisions, or "strategic ignorance", is an important source of corruption, anti-social behavior and even atrocities. I show how existing experimental results on strategic ignorance can be rationalized as an equilibrium...
Persistent link: https://www.econbiz.de/10014182136
This paper analyzes a two-person, two-stage model of sequential exploration, where both information and payoff externalities exist, and tests the derived hypotheses in the laboratory. We theoretically show that even when agents are self-interested and perfectly rational, the information...
Persistent link: https://www.econbiz.de/10014103707
learning might take place. The current paper extends this previous work. Using an experiment in which subjects play four games … without feedback, the experiment allows a stronger test of "no-feedback learning" as well as a better understanding of the …
Persistent link: https://www.econbiz.de/10014087372
rather than weakness. We test and confirm Schelling's conjecture in a simple take-it-or-leave bargaining experiment where the …
Persistent link: https://www.econbiz.de/10013118529
The public goods problem or the “tragedy of the commons,” (Hardin, 1968) either viewed as a problem of extraction or that of contribution has had a rich history in Economics and indeed in other social sciences like Anthropology, Sociology and Political Science. Our research examines free...
Persistent link: https://www.econbiz.de/10013107187
Using belief elicitation, the paper investigates the formation and the evolution of beliefs in a signalling game in which a common prior on Sender's type is not induced. Beliefs are elicited about the type of the Sender and about the strategies of the players. The experimental subjects often...
Persistent link: https://www.econbiz.de/10013079831
experiment subjects divide 20 euros between themselves and a charity. Some randomly determined participants are induced to wear a … bracelet for the two weeks following their donation decision. This bracelet serves as a private reminder of the experiment … remember the experiment in the following two weeks …
Persistent link: https://www.econbiz.de/10013056823
Psychologists have long recognized two kinds of learning: one that is relatively shallow and domain-specific; and another that is deeper, producing generalizable insights that transfer across domains. The game theory literature has only recently considered this distinction, and the conditions...
Persistent link: https://www.econbiz.de/10014055234
Overbidding in second-price auctions (SPAs) has been shown to be persistent and associated with cognitive ability. We study experimentally to what extent cross-game learning can reduce overbidding in SPAs, taking into account cognitive skills. Employing an order-balanced design, we use...
Persistent link: https://www.econbiz.de/10013314693
We study the voluntary revelation of private, personal information in a labor-market experiment with a lemons structure …
Persistent link: https://www.econbiz.de/10009789435