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than in either of the No Signal treatments. We also find that information about the other person's play appears to increase … this additional information are unable to overcome the apparent pessimism about the feasibility of coordination without a …
Persistent link: https://www.econbiz.de/10014122582
We study games played between groups of players, where a given group decides which strategy it will play through a vote by its members. When groups consist of two voting players, our games can also be interpreted as network-formation games. In experiments on Stag Hunt games, we find a stark...
Persistent link: https://www.econbiz.de/10014073874
We study experimentally a two-stage compensation mechanism for promoting cooperation in prisoner's dilemma games. In stage 1, players simultaneously choose binding non-negative amounts to pay their counterparts for cooperating in a given prisoner's dilemma game, and then play the prisoner's...
Persistent link: https://www.econbiz.de/10014057940
Are people concerned with their relative standing in a reference group? Do certain types care more about this than others? Little work has been done to identify underlying determinants for an inclination to make social comparisons and to explain variation across individuals. We investigate...
Persistent link: https://www.econbiz.de/10014159137
We consider bargaining in a bipartite network of buyers and sellers, who can only trade with the limited number of … with information transmission of job openings, business opportunities, and transactions not easily regulated by external … authorities. We perform an experimental test of a graph-theoretic model that allows us to decompose any two-sided network into …
Persistent link: https://www.econbiz.de/10014142824
This paper investigates whether information about generosity or fairness can be useful in lowering dispute costs and … enhancing bargaining efficiency. Subjects were first screened using a dictator game, with the allocations chosen used to … imposed. Sorting with identification reduces dispute costs; there are also significant differences in bargaining efficiency …
Persistent link: https://www.econbiz.de/10014052486
The 'ratchet effect' refers to a situation where a principal uses private information that is revealed by an agent …
Persistent link: https://www.econbiz.de/10010277018
The 'ratchet effect' refers to a situation where a principal uses private information that is revealed by an agent … ; private information ; labor markets …
Persistent link: https://www.econbiz.de/10003769812
Evidence suggests that whether or not people dislike lying is situation-dependent. We argue that the theory of simple guilt can accommodate this well.
Persistent link: https://www.econbiz.de/10010702934
outcome] conveys no information about what the players will do." Harsanyi and Selten (1988) cite this example as an … of B moves is only 35%. I also test a hypothesis that the order of the action and the signal affects the results, finding …
Persistent link: https://www.econbiz.de/10005772240