Showing 1 - 10 of 249
in an experiment where actions are strategic substitutes. The game theoretic basis for our experiment is the model of …
Persistent link: https://www.econbiz.de/10005136539
endogenous choice, groups typically vote for the reward option, even though punishment is actually more effective in sustaining …
Persistent link: https://www.econbiz.de/10005114368
cornerstone of contract theory. We have conducted an experiment with 720 participants to explore whether the theoretical insights … agency theory is indeed useful to qualitatively predict how variations in the degree of uncertainty affect subjects' behavior …
Persistent link: https://www.econbiz.de/10011084433
direction, we have conducted a laboratory experiment with 490 participants. We consider "cooperative" investments that directly …
Persistent link: https://www.econbiz.de/10005067500
report about an experiment with 508 participants designed to test whether this fundamental trade-off is actually relevant. In …
Persistent link: https://www.econbiz.de/10005789080
candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment …
Persistent link: https://www.econbiz.de/10005791668
The game-theoretic bargaining literature insists on non-cooperative bargaining procedure but allows 'cooperative' implementation of agreements. The effect of this is to allow free-reign of bargaining power with no check upon it. In reality, courts cannot implement agreements costlessly, and...
Persistent link: https://www.econbiz.de/10005662212
We conduct a controlled laboratory experiment where subjects dynamically choose their portfolio allocation between a …
Persistent link: https://www.econbiz.de/10011145479
controlled experiment in which subjects were given an opportunity to choose a risky outcome - a real-stakes gamble with a higher … observed gender differences in behaviour under uncertainty found in previous studies might reflect social learning rather than …
Persistent link: https://www.econbiz.de/10005082546
We investigate the outcome of bargaining when a player’s pay-off from agreement is risky. We find that a risk-averse player typically increases his equilibrium receipts when his pay-off is made risky. This is because the presence of risk makes individuals behave 'more patiently' in bargaining....
Persistent link: https://www.econbiz.de/10005666445