Showing 1 - 10 of 1,098
We present an experiment on strategic thinking and behavior of individuals and teams in one-shot normal-form games. Besides making choices, decision makers have to state their first- and second-order beliefs. We find that teams play the Nash strategy significantly more often, and their choices...
Persistent link: https://www.econbiz.de/10010269696
This paper reports the results of a laboratory experiment on network formation among heterogeneous agents. The experimental design extends the basic Bala-Goyal (2000) model of network formation with decay and two-way flow of benefits by allowing for agents with lower linking costs or higher...
Persistent link: https://www.econbiz.de/10010267578
, independently of the initial strategy profile. In the experimental part we test this prediction. Our results show that the accuracy …
Persistent link: https://www.econbiz.de/10010267615
that receive different wages. We present the first test of this component, which we call the fair uniform-wage hypothesis …
Persistent link: https://www.econbiz.de/10010282462
economically important ways. To test this, we designed a controlled experiment using first year college students who made choices … observed gender differences in behaviour under uncertainty found in previous studies might partly reflect social learning …
Persistent link: https://www.econbiz.de/10010282545
This paper presents an experiment on learning in repeated games, which complements the analysis of players' actual … a priori information. The econometrics hinges on a model built upon Experience Weighted Attraction learning, and the … simultaneous analysis of data on the information gathered and on actions taken by the subjects. Results suggest that learning is a …
Persistent link: https://www.econbiz.de/10010291432
We use a laboratory experiment to examine whether and to what extent other-regarding preferences of team leaders influence their leadership style in choice under risk. We find that leaders who prefer efficiency or report high levels of selfishness are more likely to exercise an autocratic...
Persistent link: https://www.econbiz.de/10010269301
The extensive body of survey-based research correlating between students' cheating and their academic grade point average (GPA) consistently finds a significant negative relationship between cheating and the GPA. The present paper reports the results of a two-round experiment designed to expose...
Persistent link: https://www.econbiz.de/10011653437
In many economic contexts, an elusive variable of interest is the agent's expectation about relevant events, e.g. about other agents' behavior. Recent experimental studies as well as surveys have asked participants to state their beliefs explicitly, but little is known about the causal relation...
Persistent link: https://www.econbiz.de/10010269485
We examine the strategic sophistication of adolescents, aged 10 to 17 years, in experimental normal-form games. Besides making choices, subjects have to state their first- and second-order beliefs. We find that choices are more often a best reply to beliefs if any player has a dominant strategy...
Persistent link: https://www.econbiz.de/10010272677