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beliefs and to choose actions. Subjects saw each of 12 games four times in a regular or isomorphic form spread over two days … level-k theory, and show that stability of both beliefs and actions is significantly lower. Finally, we estimate a …
Persistent link: https://www.econbiz.de/10011107567
players realize that their own actions modify their opponent's beliefs and actions, they might play certain actions to this … their beliefs in order to take account of the reaction of their opponents to their own action. Second, we examine if players …
Persistent link: https://www.econbiz.de/10005696779
the prevalence of their own values and preferences when forming beliefs about others' values and preferences, depends on … the salience of own preferences. We manipulate salience by varying the order of elicitation of preferences and beliefs …
Persistent link: https://www.econbiz.de/10014233633
different beliefs about how policy choices will map into future economic outcomes. We show that when the incumbent party can …-serving behavior by political parties, but rather stems from their differing beliefs about the consequences of their actions. …
Persistent link: https://www.econbiz.de/10010366185
Using belief elicitation, the paper investigates the formation and the evolution of beliefs in a signalling game in … which a common prior on Sender's type is not induced. Beliefs are elicited about the type of the Sender and about the … strategies of the players. The experimental subjects often start with diffuse uniform beliefs and update them in view of …
Persistent link: https://www.econbiz.de/10009535526
We report on an experiment examining behavior and equilibrium selection in two similar, infinitely repeated games, Stag Hunt and Prisoner's Dilemma under anonymous random matching. We are interested in the role that precedents may play for equilibrium selection between these two stage game...
Persistent link: https://www.econbiz.de/10010478988
We introduce coordination failures driven by beliefs regarding the presence of taste discriminators as a channel of … the theoretical predictions, beliefs about discrimination are a significant correlate of self-employment rates, as well as …
Persistent link: https://www.econbiz.de/10011967389
update their beliefs about the probability of being audited, both before and after audits are definitely withdrawn. We find … that when individuals have initially experienced systematic audits, they decrease both their beliefs and their … irregular, they maintain high beliefs about the probability of being audited and continue cooperating long after audits have …
Persistent link: https://www.econbiz.de/10010239265
beliefs and hence belief accuracy does not differ for men and women. Nevertheless, our findings point to social penalties that …
Persistent link: https://www.econbiz.de/10015373892
We consider an auction environment with interdependent values. Each bidder can learn her payoff type through costly information acquisition. We contrast the socially optimal decision to acquire information with the equilibrium solution in which each agent has to privately bear the cost of...
Persistent link: https://www.econbiz.de/10014225325