Showing 1 - 10 of 1,586
Social stratification, segregation and inequity invite concerns about fairness and social harmony. Our game-theoretic and experimental results indicate that they can also be detrimental to productivity, efficiency, and welfare. Class is defined by players’ resources, incentives to make a...
Persistent link: https://www.econbiz.de/10015214241
This paper reports recent findings on the effects of cheap talk communication on behavior. It exemplifies how different communication channels influence decisions in various games and information environments and addresses possible consequences for the design of real-world economic environments.
Persistent link: https://www.econbiz.de/10015216051
Trust is indispensable to fiduciary fields (e.g., credit rating), where experts exercise wide discretion on others behalf. Can the shame from scandal sort trustworthy people out of a fiduciary field? I tested for the possibility in a charitable contribution game where subjects could be...
Persistent link: https://www.econbiz.de/10015217743
In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we …
Persistent link: https://www.econbiz.de/10015217873
In an experiment using two-bidder first-price sealed bid auctions with symmetric independent private values, we scan …
Persistent link: https://www.econbiz.de/10015217874
Trust is indispensable to fiduciary fields (e.g., credit rating), where experts exercise wide discretion on behalf of others. Can the shame from a scandal sort trustworthy people out of a fiduciary field? I tested for the possibility that a shame externality can sort in a charitable contribution...
Persistent link: https://www.econbiz.de/10015219809
experiments based on various dictator and prisoner’s dilemma games, we try to uncover which of these concepts, or the classical … selfishapproach, is able to explain most of our experimental findings. The experiments are special with regard to two aspects: First … the stability of individual behavior over time by running the same experiments on the same subjects at several points in …
Persistent link: https://www.econbiz.de/10015220208
those obtained by de Finetti (1930), von Neumann and Morgenstern (1944) and Savage (1954). The paper reports on experiments …
Persistent link: https://www.econbiz.de/10015221742
Language is an imperfect and uneven means of communicating information about a complex and nuanced world. We run an experimental investigation of a setting in which the messages available to the sender imperfectly describe the state of the world, however the sender can improve communication, at...
Persistent link: https://www.econbiz.de/10015222500
In this survey, I look into experimental studies on duopolistic quantity competition with homogeneous products and duopolistic price competition with heterogeneous products. The focus is on the sequence of competition. That is, I summarize and analyze experimental studies checking Cournot...
Persistent link: https://www.econbiz.de/10015222686