Showing 1 - 10 of 277
Human players in our laboratory experiment received flow payoffs over 120 seconds each period from a standard Hawk-Dove bimatrix game played in continuous time. Play converged closely to the symmetric mixed Nash equilibrium under a one-population matching protocol. When the same players were...
Persistent link: https://www.econbiz.de/10008511594
Human players in our laboratory experiment received flow payoffs over 120 seconds each period from a standard Hawk-Dove bimatrix game played in continuous time. Play converged closely to the symmetric mixed Nash equilibrium under a one-population matching protocol. When the same players were...
Persistent link: https://www.econbiz.de/10013139870
a punishment regime, in which certain individuals are permitted, but not required, to have punishment directed toward … them. The punishment system can condition on type and contribution history. The results indicate that the most effective … regime, in terms of contributions and earnings, is one that allows punishment of low contributors only, regardless of …
Persistent link: https://www.econbiz.de/10005013941
In repeated normal-form (simultaneous-move) games, simple penal codes (Abreu, 1986, 1988) permit an elegant characterization of the set of subgame-perfect outcomes. We show that the logic of simple penal codes fails in repeated extensive-form games. By means of examples, we identify two types of...
Persistent link: https://www.econbiz.de/10013315551
We consider rules (strategies, commitments, contracts, or computer programs) that make behavior contingent on an opponent’s rule. The set of perfectly observable rules is not well defined. Previous contributions avoid this problem by restricting the rules deemed admissible. We instead limit...
Persistent link: https://www.econbiz.de/10011086457
experiments show an affinity for conditional cooperation, readily conditioning their behavior on both the state of the world, and …
Persistent link: https://www.econbiz.de/10013019850
heterogeneous groups. When punishment is not allowed all groups converge towards free-riding. With punishment, contributions … that these differences are not accidentally but enforced by punishment. The enforced contribution norms are related to …
Persistent link: https://www.econbiz.de/10005013056
and privileged groups with and without decentralized punishment. We find that compared to normal groups, privileged groups … are relatively ineffective in using costly sanctions to increase everyone's contributions. Punishment is less targeted …
Persistent link: https://www.econbiz.de/10005094348
identify individual punishment patterns and link them with individual cooperation patterns. Classifying N = 628 subjects along … these two dimensions documents that cooperation and punishment patterns are intuitively aligned for most individuals … are more crucial for achieving cooperation than conditional cooperators. Incorporating information on punishment types …
Persistent link: https://www.econbiz.de/10012963401
We study how punishment influences conditional cooperation. We ask two questions: 1) how does conditional cooperation … cooperation with punishment which leads to a decrease in conditional cooperation. The power to punish means more responsibility … change if a subject can be punished and 2) how does conditional cooperation change if a subject has the power to punish …
Persistent link: https://www.econbiz.de/10012912687