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The assumptions that subjects hold beliefs and that the chosen actions are not altered by a proper elicitation of these … beliefs are widely used in economics. In this paper I experimentally test whether the second assumption is correct. Especially … results in a significant increase of equilibrium play. Therefore the elicitation of beliefs can affect the choices made by …
Persistent link: https://www.econbiz.de/10010487275
The use of coarse categories is prevalent in various situations and has been linked to biased economic outcomes, ranging from discrimination against minorities to empirical anomalies in financial markets. In this paper we study economic rationales for categorizing coarsely. We think of the way...
Persistent link: https://www.econbiz.de/10010353550
coalition size, as a function of beliefs of agents, is an endogenous variable, induced by the information sender. The optimal …
Persistent link: https://www.econbiz.de/10011660390
the game is accomplished using such concepts as p-beliefs and p-dominant strategy (Monderer and Samet, 1989, and Morris …
Persistent link: https://www.econbiz.de/10011600156
randomized survey experiment conducted in Argentina. Results show that providing information to citizens matters for shaping …
Persistent link: https://www.econbiz.de/10011992104
Persistent link: https://www.econbiz.de/10013272111
in an experiment. Our data show that indeed, strengthening weaker contestants through tie-breaks and bid …
Persistent link: https://www.econbiz.de/10011473887
government performance and conduct a randomized survey experiment in the City of Buenos Aires, Argentina, where the incumbent …
Persistent link: https://www.econbiz.de/10015197814
This paper analyzes farsighted stable sets when agents have heterogeneous expectations over the dominance paths. We consider expectation functions satisfying two properties of path-persistence and consistency. We show that farsighted stable sets with heterogeneous expectations always exist and...
Persistent link: https://www.econbiz.de/10011660644
Games with imperfect information often feature multiple equilibria, which depend on beliefs off the equilibrium path …. Standard selection criteria such as passive beliefs, symmetric beliefs or wary beliefs rest on ad hoc restrictions on beliefs …. We propose a new selection criterion that imposes no restrictions on beliefs: we select the action profile that is …
Persistent link: https://www.econbiz.de/10010339744