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We wonder whether different game experiences are associated with significant differences in experimental behavior and, more specifically, whether expert bridge players, due to their habit of playing with partners and seldom for money, are more likely to adopt cooperative behavior than expert...
Persistent link: https://www.econbiz.de/10011117142
by Barelli (2009). Surprisingly, our conditions do not require nor imply mutual belief in rationality. …
Persistent link: https://www.econbiz.de/10010906693
type spaces to capture interactive beliefs, we show that event-rationality and common belief of event-rationality (RCBER … standard belief to validated belief, we show that event-rationality and common validated belief of event-rationality (RCvBER …
Persistent link: https://www.econbiz.de/10011049856
Aumann (1995) showed that for games with perfect information common knowledge of substantive rationality implies … backward induction. Substantive rationality is defined in epistemic terms, that is, in terms of knowledge. We show that when … substantive rationality is defined in doxastic terms, that is, in terms of belief, then common belief of substantive rationality …
Persistent link: https://www.econbiz.de/10010662459
The notions of one's social identity and group membership have recently become topics for economic theory and experiments, and recent research has shown the importance of identity in a wide array of economic environments. But predictions are unclear when there is some trade-off between one's...
Persistent link: https://www.econbiz.de/10011049776
In an otherwise neutrally described Prisonersʼ dilemma experiment, we document that behavior is more likely to be cooperative when the game is called the Community Game than when it is called the Stock Market Game. However, the difference vanishes when only one of the subjects is in control of...
Persistent link: https://www.econbiz.de/10011049843
We examine whether social preferences are partially determined by biological factors. We do this by investigating whether digit ratios (2D:4D) and menstrual cycle information are correlated with choices in ultimatum, trust, public good and dictator games. Digit ratios are thought to be a proxy...
Persistent link: https://www.econbiz.de/10010588268
Correlation of players' actions may evolve in the common course of the play of a repeated game with perfect monitoring (“online correlation”). In this paper we study the concealment of such correlation from a boundedly rational player. We show that “strong” players, i.e., players whose...
Persistent link: https://www.econbiz.de/10011117125
In repeated games, subgame perfection requires all continuation strategy profiles must be effective to enforce the equilibrium; they serve as punishments should deviations occur. It does not require whether a punishment can be justified for the deviation, which creates a great deal of freedom in...
Persistent link: https://www.econbiz.de/10011117126
In many economic contexts, an elusive variable of interest is the agent's belief about relevant events, e.g. about other agents' behavior. A growing number of surveys and experiments asks participants to state beliefs explicitly but little is known about the causal relation between beliefs and...
Persistent link: https://www.econbiz.de/10011117133