Showing 1 - 10 of 157
We conduct a laboratory experiment and provide evidence of learning spillovers within and across equivalence classes of “structurally similar” games. These spillovers are inconsistent with existing theories of learning in games.
Persistent link: https://www.econbiz.de/10011116220
We report the results of experiments designed to investigate the effects of random public revelation of individual …
Persistent link: https://www.econbiz.de/10011189511
Do corrupt people self select themselves in professions where the scope of corruption is high? We conduct a corruption experiment with private sector job aspirants and aspirants of Indian bureaucracy. The game models embezzlement of resources in which “supervisors” evaluate the performance...
Persistent link: https://www.econbiz.de/10011189525
We test in a laboratory experiment the theoretical prediction that risk attitudes have a surprisingly small role in distorting reports from true belief distributions. We find evidence consistent with theory in our experiment.
Persistent link: https://www.econbiz.de/10011189530
We elicit human conditional punishment types by conducting experiments. We find that their punishment decisions to an …
Persistent link: https://www.econbiz.de/10010933289
It has been shown that participants in the dictator game are less willing to give money to the other participant when their choice set also includes the option to take money. We examine whether this effect is due to the choice set providing a signal about entitlements in a setting where...
Persistent link: https://www.econbiz.de/10011041625
In a one-shot Prisoners’ dilemma experiment, female participants are highly sensitive to the social frame. Male participants are not.
Persistent link: https://www.econbiz.de/10010688095
Shotgun clauses are commonly included in the business agreements of partnerships and limited liability companies (LLCs), but the role of offeror typically remains unassigned. In a common-value, one-sided asymmetric information setting, unequal and inefficient outcomes occur with an unassigned...
Persistent link: https://www.econbiz.de/10010729441
We experimentally compare two partnership dissolution mechanisms, the widely-used buy–sell clause and the winner’s bid auction. While standard theory does well in organizing many laboratory patterns, it does not easily capture that many subjects bid valuations, especially in the buy–sell...
Persistent link: https://www.econbiz.de/10010580500
We provide extensions of the Bulow and Klemperer (1996) result when the seller has value for the object above the minimum value of the buyers. The result may fail. We show that the seller does better with more participation and some exclusion than the optimal exclusion of buyers of low value...
Persistent link: https://www.econbiz.de/10011263431