Showing 1 - 10 of 511
-making experiment preceding the take game. The gameconsists of two stages. In the first stage, the take authority decides howmuch income …
Persistent link: https://www.econbiz.de/10010324423
dictator game. In our experiment teams are more selfish than individuals, and the most selfish team member has the strongest …
Persistent link: https://www.econbiz.de/10010325527
the duopoly market. Our data indicate support for the theory of product bundling: with bundling and simultaneous moves …
Persistent link: https://www.econbiz.de/10012905779
strategies that are consistent with actions observed in the classical trust game experiments. We observe that, on average, men …
Persistent link: https://www.econbiz.de/10014193586
We study the impact of advice or observation on the depth of reasoning in an experimental beauty-contest game. Both sources of information trigger faster convergence to the equilibrium. Yet, we find that subjects who receive naïve advice outperform uninformed subjects permanently, whereas...
Persistent link: https://www.econbiz.de/10010325406
order of moves in the duopoly market. Our data indicate support for the theory of product bundling: with bundling and …
Persistent link: https://www.econbiz.de/10010326151
organize data well in previous experiments meant to test other concepts. In a new experimental setting, we provide the first …
Persistent link: https://www.econbiz.de/10013113620
, within a standard New Keynesian model, by means of laboratory experiments with human subjects. Three aggregate outcomes are … experimental data. A simple heterogeneous expectations switching model fits individual learning as well as aggregate macro behavior … effects on inflation in our experimental economies, although convergence can be slow in presence of evolutionary learning. …
Persistent link: https://www.econbiz.de/10010326142
Rational Expectations (RE) models have two crucial dimensions: 1) agents correctly forecast future prices given all available information, and 2) given expectations, agents solve optimization problems and these solutions in turn determine actual price realizations. Experimental testing of such...
Persistent link: https://www.econbiz.de/10010326375
frequency and size of credible deviations. ACDC organizes the results from cheap talk experiments well, even in cases where …
Persistent link: https://www.econbiz.de/10014185948