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choices with data on the information acquisition process they follow. Subjects play a repeated Cournot oligopoly, with limited …This paper presents an experiment on learning in repeated games, which complements the analysis of players' actual … a priori information. The econometrics hinges on a model built upon Experience Weighted Attraction learning, and the …
Persistent link: https://www.econbiz.de/10010704409
This paper studies the effect of endogenous group formation on the outcome in two types of coordination games with multiple Pareto-ranked equilibria. Endogenous group formation means that in each period players are free to choose among two or more groups within which they want to play the...
Persistent link: https://www.econbiz.de/10005761696
We present an experiment on strategic thinking and behavior of individuals and teams in one-shot normal-form games …
Persistent link: https://www.econbiz.de/10008480923
. In our laboratory experiment, we establish the existence of a significant efficiency premium of uniform wages. However …
Persistent link: https://www.econbiz.de/10011279270
, regardless of the size or structure of groups. However, experiments show that people will punish free riders, even at … strategies seen in the lab and use the simulation to develop hypotheses about why group size should matter when punishment is … group members or if information about other group members is what is important. We find that large groups contribute at …
Persistent link: https://www.econbiz.de/10005703051
experiment shows that emotional arousal, measured by Skin Conductance Responses, increases in the proportion of evaded taxes. The …
Persistent link: https://www.econbiz.de/10005703574
This paper reports the results of a laboratory experiment on network formation among heterogeneous agents. The … common knowledge and treatments where agents' types are private information. In all treatments, the (efficient) equilibrium …
Persistent link: https://www.econbiz.de/10005703123
We present an economic experiment on network formation, in which subjects can decide to form links to one another …. Direct links are costly but being connected is valuable. The gametheoretic basis for our experiment is the model of Bala and …
Persistent link: https://www.econbiz.de/10005761658
previous play, (ii) with no information about the opponent’s payoffs and (iii) with random matching. Using Stahl and Wilson …
Persistent link: https://www.econbiz.de/10005822932
We study experimentally the protection of property in five widely distinct countries – Austria, Mexico, Mongolia, South Korea and the United States. Our main results are that the security of property varies with experimental institutions, and that our subject pools exhibit significantly...
Persistent link: https://www.econbiz.de/10011128038