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Persistent link: https://www.econbiz.de/10011399212
We use laboratory experiments to test for one of the foundations of the rational voter paradigm - that voters respond to probabilities of being pivotal. We exploit a setup that entails stark theoretical effects of information concerning the preference distribution (as revealed through polls) on...
Persistent link: https://www.econbiz.de/10010316838
We use laboratory experiments to test for one of the foundations of the rational voter paradigm - that voters respond to probabilities of being pivotal. We exploit a setup that entails stark theoretical effects of information concerning the preference distribution (as revealed through polls) on...
Persistent link: https://www.econbiz.de/10011537285
Institutions designed to increase turnout appeal to democratic sentiments but are highly debated as they entail two potentially countervailing effects. While generating more pieces of information, they may decrease the average voter's information quality. We examine two commonly discussed...
Persistent link: https://www.econbiz.de/10008518915
We propose a new approach for running lab experiments on indefinitely repeated games with high continuation probability. This approach has two main advantages. First, it allows us to run multiple long repeated games per session. Second, it allows us to incorporate the strategy method with...
Persistent link: https://www.econbiz.de/10012967346
We develop a model of learning that extends the classic models of reinforcement learning to a continuous, multidimensional strategy space. The model takes advantage of the recent approximation methods to tackle the curse of dimensionality inherent to a traditional discretization approach....
Persistent link: https://www.econbiz.de/10012890872
Identifying the strategies that are played is critical to understanding behavior in repeated games. This process is difficult because only choices (not strategies) are observable. Recently, a debate has emerged regarding whether subjects play mixed strategies in the indefinitely repeated...
Persistent link: https://www.econbiz.de/10012897231
We study equilibrium selection in indefinitely repeated coordination games with and without payoff asymmetries. In the symmetric games, repeated interactions make it possible to achieve outcomes that are both efficient and egalitarian. In the asymmetric games, however, equality is at odds with...
Persistent link: https://www.econbiz.de/10014358140
Persistent link: https://www.econbiz.de/10014438284
Persistent link: https://www.econbiz.de/10009316172