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Aspects of behavior in repeated games : an experimental study
Davis, Douglas; Ivanov, Asen; Korenok, Oleg - 2014
We introduce a novel approach to studying behavior in repeated games - one that is based on the psychology of play. Our approach is based on the following six "aspects" of a player's behavior: round-1 cooperation, lenience, forgiveness, loyalty, leadership, and following. Using a laboratory...
Persistent link: https://www.econbiz.de/10010472880
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An experiment on non-zero sum Colonel Blotto games
Hortala-Vallve, Rafael; Llorente-Saguer, Aniol - 2015
We study a version of the Colonel Blotto game where valuations across battlefields are heterogeneous and asymmetric. These games can exhibit unique pure strategy equilibria, some of which are non-monotonic with respect to the battlefield valuations. We test our theoretical predictions in the...
Persistent link: https://www.econbiz.de/10011407610
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Individual characteristics and behavior in repeated games : an experimental study
Davis, Douglas D.; Ivanov, Asen; Korenok, Oleg - 2014
Using a laboratory experiment, we investigate whether a variety of behaviors in repeated games are related to an array of individual characteristics that are popular in economics: risk attitude, time preference, trust, trustworthiness, altruism, strategic skills in one-shot matrix games,...
Persistent link: https://www.econbiz.de/10010472858
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Climate policy commitment devices
Dengler, Sebastian; Gerlagh, Reyer; Trautmann, Stefan T.; … - 2017
We develop a dynamic resource extraction game that mimics the global multi-generation planning problem for climate change and fossil fuel extraction. We implement the game under different conditions in the laboratory. Compared to a "libertarian" baseline condition, we find that policy...
Persistent link: https://www.econbiz.de/10011737571
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The impact of crime on public transportation demand : evidence from six Latin American capitals
De Martini, Santiago; González, Juan B.; … - 2025
preregistered experiments to quantify the impact of crime on public transport choices and policy preferences. In the first …
Persistent link: https://www.econbiz.de/10015413439
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Symmetry axioms and perceived ambiguity
Klibanoff, Peter; Mukerji, Sujoy; Seo, Kyoungwon - 2017
Since at least de Finetti [7], preference symmetry assumptions have played an important role in models of decision … making under uncertainty. In the current paper, we explore (1) the relationship between the symmetry assumption of Klibanoff …, Mukerji and Seo (KMS) [21] and alternative symmetry assumptions in the literature, and (2) assuming symmetry, the relationship …
Persistent link: https://www.econbiz.de/10011694779
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Foundations of ambiguity models under symmetry : α-MEU and smooth ambiguity
Klibanoff, Peter; Mukerji, Sujoy; Seo, Kyoungwon; … - 2021 - This Version: January 13, 2021
The α-MEU model and the smooth ambiguity model are two popular models in decision making under ambiguity. However, the axiomatic foundations of these two models are not completely understood. We provide axiomatic foundations of these models in a symmetric setting with a product state space...
Persistent link: https://www.econbiz.de/10012422419
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Competitive politics, simplified heuristics, and preferences for public goods
Schläpfer, Felix; Schmitt, Marcel; Roschewitz, Annette - 2007
This paper examines the role of simplified heuristics in the formation of preferences for public goods. Political scientists have suggested that voters use simplified heuristics based on the positions of familiar parties to infer how a proposed policy will affect them and to cast a vote in line...
Persistent link: https://www.econbiz.de/10003892449
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Get rid of unanimity : the superiority of majority rule with veto power
Bouton, Laurent; Llorente-Saguer, Aniol; Malherbe, … - 2014
A group of agents wants to reform the status quo if and only if this is Pareto improving. Agents have private information and may have common or private objectives, which creates a tension between information aggregation and minority protection. We analyze a simple voting system - majority rule...
Persistent link: https://www.econbiz.de/10010394633
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The transmission of sustainable harvesting norms when agents are conditionally cooperative
Richter, Andries; Grasman, Johan - 2013 - Draft version: 15 May 2013
Experimental and observational studies have highlighted the importance of agents being conditionally cooperative when facing a social dilemma. We formalize this mechanism in a theoretical model that portrays a small community having joint access to a common pool resource. The diffusion of norms...
Persistent link: https://www.econbiz.de/10010189315