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Common and almost common knowledge of credible assignments in a coordination game

Chaudhuri, Ananish; Zhou, Chenan; Prak, Parapin; … - In: Economics Bulletin 3 (2006) 1, pp. 1-10

-hunt type coordination game with two Pareto-ranked equilibria, one payoff dominant and the other risk dominant. The majority of …

Persistent link: https://www.econbiz.de/10005094760

Common and almost common knowledge of credible assignments in a coordination game

Chaudhuri, Ananish; Zhou, Chenan; Prak, Parapin; … - In: Economics Bulletin 3 (2006) 1, pp. 1-10

-hunt type coordination game with two Pareto-ranked equilibria, one payoff dominant and the other risk dominant. The majority of …

Persistent link: https://www.econbiz.de/10010629213

The Power of an Outside Option that Generates a Focal Point: An Experimental Investigation

Shahriar, Quazi - In: Economics Bulletin 31 (2011) 3, pp. 2151-2158

Existing experimental studies (Cooper, DeJong, Forsythe and Ross, 1993; Shahriar, 2009) have shown that an outside option, when offered to one of the two players who later participate in a battle-of-the-sexes game, makes the equilibrium that favors the same player focal. This focal point arises even...

Persistent link: https://www.econbiz.de/10011278681

An Experiment on Waiting Time and Punishing Behavior

Galeotti, Fabio - In: Economics Bulletin 33 (2013) 2, pp. 1383-1389

We investigate the implications of waiting time on the decision to punish in a power-to-take experiment. We find that …

Persistent link: https://www.econbiz.de/10010835937

Can tournaments induce rational play in the centipede game? Exploring dominance vs. strategic uncertainty

Mcintosh, Christopher R; Shogren, Jason F; Moravec, Andrew J - In: Economics Bulletin 29 (2009) 3, pp. 2018-2024

We compare behavior in a one-shot Centipede game across several payoff structures including nonlinear payoff tournaments. Assuming Nash to be optimal, results suggest nonlinear tournament payoffs based on overall relative rewards are not sufficient to increase Nash results in the one-shot...

Persistent link: https://www.econbiz.de/10008563072

Do campaign spending limits diminish competition? An experiment

Otsubo, Hironori - In: Economics Bulletin 33 (2013) 3, pp. 2223-2234

This paper experimentally investigates the effect of limits on campaign expenditure and outcome in an electoral contest where two candidates, an incumbent and a challenger, compete for office in terms of the amount of campaign expenditure. The candidates are asymmetric only in that the incumbent...

Persistent link: https://www.econbiz.de/10010691436

An experimental study of e-mail games with strategic information transmission and communication cost

Kawagoe, Toshiji; Takizawa, Hirokazu - In: Economics Bulletin 32 (2012) 4, pp. 2921-2929

. We test these theories in the laboratory experiment. In general, our experimental results fail to provide support for …

Persistent link: https://www.econbiz.de/10011278536

Coordination failure caused by sunspots

Beugnot, Julie; Gürgüç, Zeynep; Øvlisen, Frederik Roose - In: Economics Bulletin 32 (2012) 4, pp. 2860-2869

coordination failure. We conduct an experiment with a three player 2x2x2 game in which coordination on the efficient equilibrium is …In a coordination game with Pareto-ranked equilibria, we study whether a sunspot can lead to either coordination on an … inferior equilibrium (mis-coordination) or to out-of equilibrium behavior (dis-coordination). While much of the literature …

Persistent link: https://www.econbiz.de/10011278878

The relevance of irrelevant information in the dictator game

Ramalingam, Abhijit - In: Economics Bulletin 32 (2012) 1, pp. 746-754

We examine the sensitivity of the dictator game to information provided to subjects. We investigate if individuals internalize completely irrelevant information about players when making allocation decisions. Subjects are provided with their score and the scores of recipients on a quiz prior to...

Persistent link: https://www.econbiz.de/10009650413

On the empirical relevance of st. petersburg lotteries

Cox, James C.; Sadiraj, Vjollca; Vogt, Bodo - In: Economics Bulletin 29 (2009) 1, pp. 214-220

theory? This paper reports an experiment that addresses that question. …

Persistent link: https://www.econbiz.de/10008563215