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This paper uses experimental data to examine the existence of a teaching strategy among bounded rational players. If players realize that their own actions modify their opponent's beliefs and actions, they might play certain actions to this specific end ; and forego immediate payoffs if the...
Persistent link: https://www.econbiz.de/10005696779
-choice experiment inspired by Holt and Laury (2002). The experiment presents subjects with a menu of unordered lottery choices which …
Persistent link: https://www.econbiz.de/10005696876
Persistent link: https://www.econbiz.de/10005701614
experiment in testing the collusive theory of price-matching guarantees and thereby shedding light on the embedded equilibrium … out the design of the controlled experiment. Results indicate that these guarantees facilitate collusion among sellers and …
Persistent link: https://www.econbiz.de/10005701940
Because costly punishment is not credible, subgame perfection suggests that punishment will not deter free riding, regardless of the size or structure of groups. However, experiments show that people will punish free riders, even at considerable cost. To examine the implications of agents who...
Persistent link: https://www.econbiz.de/10005703051
and link them to behavior in a controlled experiment and to survey responses. We show that social preferences rather than …
Persistent link: https://www.econbiz.de/10010734704
population for our experiment. By presenting subjects with choice tasks that vary the bias induced by random choices, we are able …
Persistent link: https://www.econbiz.de/10010734775
We study risk taking on behalf of others, both with and without potential losses. A large-scale incentivized experiment …
Persistent link: https://www.econbiz.de/10010734777
We use the strategy method to classify subjects into cooperator types in a large-scale online Public Goods Game and find that free riders spend more time on making their decisions than conditional cooperators and other cooperator types. This result is robust to reversing the framing of the game...
Persistent link: https://www.econbiz.de/10010734793
most frequently observed and discussed biases of financial investors. We investigate in a laboratory experiment whether the …
Persistent link: https://www.econbiz.de/10010735529