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Existing experimental research on behavior in weakest-link games shows overwhelmingly the inability of people to coordinate on the efficient equilibrium, especially in larger groups. We hypothesize that people are able to coordinate on efficient outcomes, provided they have sufficient freedom to...
Persistent link: https://www.econbiz.de/10013113085
This paper presents an experiment on learning in repeated games, which complements the analysis of players' actual …
Persistent link: https://www.econbiz.de/10013088340
We study beliefs and choices in a repeated normal-form game. In addition to a baseline treatment with common knowledge of the game structure and feedback about choices in the previous period, we run treatments (i) without feedback about previous play, (ii) with no information about the...
Persistent link: https://www.econbiz.de/10013325045
The paper presents a new meta data set covering 13 experiments on the social learning games by Bikhchandani, Hirshleifer, and Welch (1992). The large amount of data makes it possible to estimate the empirically optimal action for a large variety of decision situations and ask about the economic...
Persistent link: https://www.econbiz.de/10013325050
-person gift-exchange experiment we find causal evidence for peer effects in voluntary cooperation: agents' efforts are positively …
Persistent link: https://www.econbiz.de/10013111671
Case studies of cartels and recent theory suggest that repeated communication is key for stable cooperation in environments where signals about others' actions are noisy. However, empirically the exact role of communication is not well understood. We study cooperation under different monitoring...
Persistent link: https://www.econbiz.de/10012908872
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/10013148075
We conduct a contribution game for a real public good and show that when the contributors value the real public good highly, they increase their contributions in each round. Thus, contrary to previous literature, free riding decreases over rounds and the end-game effect is reversed
Persistent link: https://www.econbiz.de/10013083744
and social norms, and trust. In a preregistered online experiment (n = 1,038), we find that biased institutions reduce …
Persistent link: https://www.econbiz.de/10014346014
experiment. In the experiment a principal pays a wage to each of two agents, who then make effort choices sequentially. In our … preferences (Fehr-Schmidt, 1999). As we show from a norms-elicitation experiment, it is also consistent with social norms …
Persistent link: https://www.econbiz.de/10013110204