Showing 1 - 10 of 192
Human players in our laboratory experiment received flow payoffs over 120 seconds each period from a standard Hawk-Dove bimatrix game played in continuous time. Play converged closely to the symmetric mixed Nash equilibrium under a one-population matching protocol. When the same players were...
Persistent link: https://www.econbiz.de/10010369495
rate of mutual cooperation rises to 90% or more. Control sessions with 8-time repeated matchings achieve less than half as … much cooperation, and cooperation rates approach zero in one-shot control sessions. In follow-up sessions with a variable … number of subperiods, cooperation rates increase nearly linearly as the grid size decreases and, with one-second subperiods …
Persistent link: https://www.econbiz.de/10010288120
Human players in our laboratory experiment converge closely to the symmetric mixed Nash equilibrium when matched in a single population version of the standard Hawk-Dove game. When matched across two populations, the same players show clear movement towards an asymmetric (and very inequitable)...
Persistent link: https://www.econbiz.de/10010288136
We study the idea that seemingly unrelated behavioral biases can coevolve if they jointly compensate for the errors that any one of them would give rise to in isolation. We suggest that the "endowment effect" and the "winner's curse" could have jointly survived natural selection together. We...
Persistent link: https://www.econbiz.de/10011785717
can promote cooperation through a combination of sorting and opportunistic signaling, with late period defections by … remains unclear. In each of six treatments that vary the cooperation premium and the informational basis for reputation …, that with a high cooperation premium and good information, investment in reputation grows across sets of finitely …
Persistent link: https://www.econbiz.de/10010420270
This paper studies how competition between groups affects cooperation. In the control condition, pairs of subjects play …, cooperation increases by 16 percentage points. Strategies estimation shows a shift from selfish strategies (Always Defect) to …
Persistent link: https://www.econbiz.de/10015209984
higher the levels of cooperation. We compare the behavior from these in finitely repeated games with behavior from finitely … repeated games of the same expected length and we find that there is more cooperation in the in finitely repeated games …
Persistent link: https://www.econbiz.de/10010318999
determine whether a network is consistent with trade and cooperation between every buyer and seller that are connected. We show … that three network features reduce the minimal discount factor necessary for sustaining cooperation: moderate competition …
Persistent link: https://www.econbiz.de/10010284065
collusion via effective punishment and forgiveness. Remarkably, subjects never learn the best-reply correspondence of the one …-shot game. Our results suggest a new explanation for the emergence of cooperation. …
Persistent link: https://www.econbiz.de/10010288135
Community enforcement is an important device for sustaining efficiency in some repeated games of cooperation. We … investigate cooperation when information about players' reputations spreads to their future partners through links in a social … network that connects them. We find that information supports cooperation by increasing trust between players, and obtain the …
Persistent link: https://www.econbiz.de/10011928009