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We design an experiment to examine behavior and welfare in a multi-level trust game representing a pass through … investment in an intermediated market. In a repeated game, an investor invests via an intermediary who lends to a borrower. A pre-experiment …
Persistent link: https://www.econbiz.de/10015241033
Economic experiments have shown that when given the choice between piece-rate and winner-take-all tournament style compensation, women are more reluctant than men to choose tournaments. These gender difference experiments have all relied on a similar framework where subjects were not informed of...
Persistent link: https://www.econbiz.de/10015220692
We use a within-subjects experiment with math and word tasks to show that feedback about relative performance moves …
Persistent link: https://www.econbiz.de/10015227256
: a laboratory experiment, a field study, and a large US supermarket chain, to study the cognitive underpinning and the …
Persistent link: https://www.econbiz.de/10015234383
Optimistic beliefs affect important areas of economic decision making, yet direct knowledge on how belief biases … operate remains limited. To better understand these biases I conduct an experiment examining beliefs about binary events with … financial stakes. By varying financial prizes in outcomes, as well as incentive payments for accuracy, the experiment is able to …
Persistent link: https://www.econbiz.de/10015249564
We define generalized extensive-form games which allow for mutual unawareness of actions. We extend Pearce's (1984) notion of extensive-form (correlated) rationalizability to this setting, explore its properties and prove existence. We define also a new variant of this solution concept, prudent...
Persistent link: https://www.econbiz.de/10015216762
We study a model of correlated equilibrium where every player takes actions based on his hierarchies of beliefs (belief on what other players will do, on what other players believe about others will do, etc.) intrinsic to the game. Our model does away with messages from outside mediator that are...
Persistent link: https://www.econbiz.de/10015217939
We define generalized extensive-form games which allow for mutual unawareness of actions. We extend Pearce's (1984) notion of extensive-form (correlated) rationalizability to this setting, explore its properties and prove existence. We define also a new variant of this solution concept, prudent...
Persistent link: https://www.econbiz.de/10015218945
We define a generalized state-space model with interactive unawareness and probabilistic beliefs. Such models are desirable for potential applications of asymmetric unawareness. We compare unawareness with probability zero belief. Applying our unawareness belief structures, we show that the...
Persistent link: https://www.econbiz.de/10015218946
We generalize the "No-trade" theorem for finite unawareness belief structures in Heifetz, Meier, and Schipper (2009) to the infinite case.
Persistent link: https://www.econbiz.de/10015220343