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This paper deploys a novel experiment to compare four theories that explain both selfish and non-selfish cooperation …
Persistent link: https://www.econbiz.de/10013368347
"information cascade" in which later predictions match the early announcements. This paper reports an experiment in which private …
Persistent link: https://www.econbiz.de/10014059223
We present experimental results on a repeated coordination game with Pareto-ranked equilibria in which a payoff from choosing an action is positive only if a critical mass of players choose that action. We design a baseline version of the game in which payoffs remain constant for values above...
Persistent link: https://www.econbiz.de/10014065547
In finitely repeated prisoner dilemma games, two-person teams start out with significantly less cooperation than individuals, consistent with results reported in the social psychology literature. However, safety concerns quickly give way to teams cooperating significantly more than individuals....
Persistent link: https://www.econbiz.de/10013035157
We report on an experiment examining behavior and equilibrium selection in two similar, infinitely repeated games, Stag …
Persistent link: https://www.econbiz.de/10010478988
We compare a partners condition where the same small group of subjects plays arepeated public good game to astrangers condition where subjects play this game in changing group formations.Subjects in the partners conditioncontribute from the first period on significantly more to the public good...
Persistent link: https://www.econbiz.de/10011303327
Experimental social scientists working at research-intensive institutions deal inevitably with subjects who have most likely participated in previous experiments. It is an important methodological question to know whether participants that have acquired a high level of lab-sophistication show...
Persistent link: https://www.econbiz.de/10012507341
This paper examines experimentally the reputation building role of disclosure in an investment / trust game. It provides experimental evidence in support of sequential equilibrium behavior in a finitely repeated investment / trust game where information asymmetry raises the possibility of...
Persistent link: https://www.econbiz.de/10014200864
Persistent link: https://www.econbiz.de/10003950947
Plott, Wit & Yang (2003) conduct a betting market experiment and find: First, information was aggregated. This suggests … replicate their experiment. Our results suggest that the paradox seems due to aggregate rather than individual level data …
Persistent link: https://www.econbiz.de/10013153388