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Persistent link: https://www.econbiz.de/10010464696
This paper studies a game of strategic experimentation with two-armed bandits whose risky arm might yield a payoff only after some exponentially distributed random time. Because of free-riding, there is an inefficiently low level of experimentation in any equilibrium where the players use...
Persistent link: https://www.econbiz.de/10010440933
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In this experiment, we endogenize the choice of which contribution scheme is implemented in a public goods game. We …
Persistent link: https://www.econbiz.de/10010405384
Persistent link: https://www.econbiz.de/10012308327
A lot of economic and social situations can be described as contests in which agents need to distribute scare resources. Individual behavior plays an important role within these situations, while identity strongly impacts on behavior. This paper asks how group identity impacts the provision of a...
Persistent link: https://www.econbiz.de/10011732431
projects have demonstrated that the mechanism is efficiency enhancing. Our experiment tests whether the mechanism remains …
Persistent link: https://www.econbiz.de/10009784119
punishment option and compare it to the behavior of individuals in a laboratory experiment. We also consider different team …
Persistent link: https://www.econbiz.de/10010189837
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We experimentally compare the consequences for group cooperation of two decision mechanisms involving the extension of group membership. We analyze an exogenous decision (random draw) and an endogenous decision (made by a particular group member) mechanism to extend a temporary agent's group...
Persistent link: https://www.econbiz.de/10012432443