We study how response time in a laboratory experiment on bank runs affects withdrawal decisions. In our setup, the bank … difficulty and optimality of withdrawal decision. We hypothesize that a) the more difficult the decision, the longer the response …

We report on an experiment in which subjects choose actions in strategic games with either strategic complements or …

explained by avoiding cognitive dissonance as in Konow (2000). Our experiment's choice data is in line with this approach. In …

model based on cognitive dissonance that focuses on the importance of self-image. An experiment (a dictator game variant …

This paper studies the effect of endogenous group formation on the outcome in two types of coordination games with … more groups within which they want to play the coordination game. In the theoretical part we show that a simple myopic best … reply dynamics under endogenous group formation leads to the payoff dominant outcome in both types of coordination games …

benefit from coordination (or centralization) of search activities. We test the conjecture that agents gain from coordination … with a between-subject design in two treatments. In the experiments we find no gains from coordination. Instead, we find …

keep the money deposited: it is more likely that withdrawals are observed. We study how decision-making changes if … depositors are able to make their decision to keep their funds in the bank visible to subsequent depositors at a cost. We show … the no-run outcome the unique equilibrium. We test if the theoretical predicitions hold in a lab experiment. We find that …

We present an experiment on strategic thinking and behavior of individuals and teams in one-shot normal-form games …. Besides making choices, decision makers have to state their first- and second-order beliefs. We find that teams play the Nash …