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exploration and lower individual and group payoffs. We test our predictions in an online lab experiment and show that the …
Persistent link: https://www.econbiz.de/10014544680
experimentally the effects of discounting differentials in infinitely repeated coordination games. In our data, differential discount … factors play two roles. First, they provide a coordination anchor: more impatient players get higher payoffs first …. Introducing even small discounting differentials reduces coordination failures significantly. Second, with pronounced discounting …
Persistent link: https://www.econbiz.de/10014287389
environment. We apply our model to the coordination game in the experiment of Frydman and Nunnari (2023), and show that it offers …We analyze a coordination game with information-constrained players. The players' actions are based on a noisy …
Persistent link: https://www.econbiz.de/10014486205
to more or less bluffing and varying aggression compared to Perfect Bayesian Equilibrium. Our experiment varies game …
Persistent link: https://www.econbiz.de/10015195038
We combine societal-level institutional measures from 51 countries between 1996 and 2017 with individual decision-making outcome data from 1,126 laboratory experiments in six meta-analyses to evaluate the effects of within-country institutional change on pro-social and Nash behavior. We find...
Persistent link: https://www.econbiz.de/10015145080
Qualitative self-assessments of economic preferences have recently gained popularity, often supported by experimental validation, a method that links them to choices in incentivized elicitations. We illustrate theoretically that experimental validation may fail to produce reliable new measures....
Persistent link: https://www.econbiz.de/10015326513
We conduct an incentivized lab experiment to test participants' ability to understand the DA matching mechanism and the …
Persistent link: https://www.econbiz.de/10015094862
We provide twelve best practices and discuss how each practice can help researchers accurately, credibly, and ethically use Generative AI (GenAI) to enhance experimental research. We split the twelve practices into four areas. First, in the pre-treatment stage, we discuss how GenAI can aid in...
Persistent link: https://www.econbiz.de/10015094867
In an experiment that elicits subjects' willingness to pay (WTP) for the outcome of a lottery, we confirm the fourfold …
Persistent link: https://www.econbiz.de/10013388772
experiment in South Africa shows that significant order effects exist which, if uncorrected, would lead to distorted conclusions …
Persistent link: https://www.econbiz.de/10013388789