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I propose a novel experimental approach to the study of learning in repeated games, complementing the analysis of players' actual choices with data on the information acquisition process they follow. The game played is a repeated Cournot oligopoly, with limited information. The econometrics...
Persistent link: https://www.econbiz.de/10014218033
We compare a partners condition, where the same small group of subjects plays a repeated public good game, to a strangers condition, where subjects play this game in changing group formations. From the first period onward, subjects in the partners condition contribute significantly more to the...
Persistent link: https://www.econbiz.de/10014152118
This paper presents an experiment on learning in repeated games, which complements the analysis of players' actual …
Persistent link: https://www.econbiz.de/10014162117
We study beliefs and choices in a repeated normal-form game. In addition to a baseline treatment with common knowledge of the game structure, feedback about choices in the previous period and random matching, we run treatments (i) with fixed matching, (ii) without information about the...
Persistent link: https://www.econbiz.de/10013126702
We present experiments on repeated non-cooperative network formation games, based on Bala and Goyal (2000). We treat the one-way and the two-ways flow models, each for high and low link costs. The models show both multiple equilibria and coordination problems. We conduct experiments under...
Persistent link: https://www.econbiz.de/10014062154
This paper presents the first laboratory study of risk-sharing without commitment. Our experiment captures the main … for the shape of the constrained optimal risk-sharing arrangement. In our experiment, participants are matched in pairs …-horizon and discounting in the model. Second, at the end of the experiment, a unique period is randomly drawn to count for cash …
Persistent link: https://www.econbiz.de/10014073184
exercise in infinitely repeated games. I test the theory with three treatments differing by the discount factor. The results of … the experiment mostly confirm the theoretical predictions, more cooperation for the smallest discount factor, although the … level of non-cooperative play from participants in the role of the uninformed firm does not vary across treatments as theory …
Persistent link: https://www.econbiz.de/10014080074
equilibrium in repeated strategic interactions. We study behavior in a p-beauty contest experiment and find striking differences … translates into better analytic reasoning and a better 'theory of mind.' …
Persistent link: https://www.econbiz.de/10014041000
While there is an extensive literature on the theory of infinitely repeated games, empirical evidence on how %22the …
Persistent link: https://www.econbiz.de/10014108478
I experimentally investigate a new game that modifies the prisoner's dilemma. In this game, as opposed to the regular prisoner's dilemma, there is no tradeoff between cooperation and strategic risk (uncertainty regarding the other player's strategy) that is the leading explanation for low...
Persistent link: https://www.econbiz.de/10014108989