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This paper uses laboratory experiments to study subjects' assessment of uncertainty resulting from strategic and non-strategic decisions of other players. Non-strategic events are defined by the colors of balls drawn from urns, whereas strategic events are defined by the action choice in Stag...
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Persistent link: https://www.econbiz.de/10009126151
The paper presents a complete information model of bidding in second price sealed-bid and ascending-bid (English) auctions, in which potential buyers know the unit valuation of other bidders and may spitefully prefer that their rivals earn a lower surplus. Bidders with spiteful preferences...
Persistent link: https://www.econbiz.de/10009752417
This paper presents an experimental analysis of 2x2 coordination games in which player 1 earns a substantially higher payoff than player 2 except in the inefficient equilibrium where they earn the same payoffs. The main focus is on the comparison of two treatments with and without the ex post...
Persistent link: https://www.econbiz.de/10011617904
This paper uses laboratory experiments to study subjects’ assessment of uncertainty resulting from strategic and non-strategic decisions of other players. Nonstrategic events are defined by the colors of balls drawn from urns, whereas strategic events are defined by the action choice in Stag...
Persistent link: https://www.econbiz.de/10012488822
This paper presents an experimental analysis of 2×2 coordination games in which player 1 earns a substantially higher payoff than player 2 except in the inefficient equilibrium where they earn the same payoffs. The main focus is on the comparison of two treatments with and without the ex post...
Persistent link: https://www.econbiz.de/10012961111
Persistent link: https://www.econbiz.de/10013184824
We conducted an experiment on the Voluntarily Separable Repeated Prisoner's Dilemma, which adds staying and leaving options after each round in a repeated Prisoner's Dilemma (RPD). Furthermore, we introduce the doubly-stochastic horizon, where the supergame and two pairs are terminated randomly...
Persistent link: https://www.econbiz.de/10014345782