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In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we scan …
Persistent link: https://www.econbiz.de/10013134493
We study a class of trust dilemmas with symmetric players that evolve in real-time. In these games, as long as all the n players continue to cooperate, the payoff function increases exponentially over time. Simultaneously, however, the temptation to defect also increases at the same rate. The...
Persistent link: https://www.econbiz.de/10012773843
-taking appear to reinforce the non-monotonicity in subtly different ways. The experiment uncovers an interesting behavioural nuance …
Persistent link: https://www.econbiz.de/10012826390
In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values and 400 …
Persistent link: https://www.econbiz.de/10009544212
-player stag hunt game with fixed groups. In our experiment, a sunspot variable points randomly at the risk-dominant or the payoff …
Persistent link: https://www.econbiz.de/10011662394
behave as predicted by our theory. …
Persistent link: https://www.econbiz.de/10012029141
Persistent link: https://www.econbiz.de/10012996327
behave as predicted by our theory …
Persistent link: https://www.econbiz.de/10012864718
game theory. Given that deviations from the unique subgame perfect Nash equilibrium generates a Pareto improvement, several … explanation. We compare various probabilistic decision theory models in terms of their descriptive (in‐sample) and predictive (out …
Persistent link: https://www.econbiz.de/10014098051
We study a class of trust dilemmas with symmetric players that evolve in real-time. In these games, as long as all the n players continue to cooperate, the payoff function increases exponentially over time. Simultaneously, however, the temptation to defect also increases at the same rate. The...
Persistent link: https://www.econbiz.de/10014028805