We use laboratory experiments to examine the relative performance of the English auction (EA) and the first price sealed bid auction (FPA) when procuring a commodity. The mean and variance of prices are lower in the FPA than in the EA. Bids and prices in EA agree with game theoretic predictions...

In recent literature, empirical evidence shows that cooperation improves when games are infinitely repeated. We experimentally investigate the evolution of voluntary contributions to a public good played over an infinite horizon. The experiment also includes sessions of voluntary contribution...

We examine experimentally how humans behave when they play against a computer which implements its part of a mixed strategy Nash equilibrium. We consider two games, one zero-sum and another unprofitable with a pure minimax strategy. A minority of subjects' play was consistent with their Nash...

We present a hidden Markov model of discrete strategic heterogeneity and learning in first price independent private values auctions. The model includes three latent bidding rules: constant absolute mark-up, constant percentage mark-up, and strategic best response. Rule switching probabilities...

There has been a heated debate on the desirability of and the procedure justice concerning Twitter's Trump Ban. Using online survey data with student subjects, we investigate how information shapes people's attitude on Twitter's Trump ban. We find that people's attitude can be significantly...

In Singapore and many Chinese cities, tens of thousands of people participate in car license auctions each month. In a car license auction, many car licenses are sold but each participant can only bid for one license. We examine the theoretical properties of three auction formats: Shanghai...