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We report boundary experiments testing the robustness of price convergence in double auction markets for non-durable goods in which there is extreme earnings inequality at the competitive equilibrium (CE). Following up on a conjecture by Smith (1980), we test whether the well-known equilibrating...
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We test whether the length of an indefinite horizon, or that the horizon is indefinite as opposed to finite, affects cooperation in repeated 3x3 Red Queen Games. With our participant population, and our experimental program and procedures, the length of the indefinite horizon significantly...
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We report results from a novel experiment where participants invest an endowment across multiple options, with investment in one option disrupting (reducing) the value of another option. While expected payoff maximization predicts the comparative statics of aggregate investment well, it does not...
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