Showing 1 - 10 of 17
Persistent link: https://www.econbiz.de/10015081330
We study the volunteer's dilemma in environments with heterogeneous preferences and private information. We characterize the efficiency properties of equilibrium, which is a departure from all the previous literature that focuses only on the probability of group success. While the probability of...
Persistent link: https://www.econbiz.de/10015072940
Persistent link: https://www.econbiz.de/10009243043
We experimentally investigate information aggregation through majority voting when some voters are biased. In such situations, majority voting can have a "dark side", that is, result in groups making choices inferior to those made by individuals acting alone. In line with theoretical...
Persistent link: https://www.econbiz.de/10010195409
Persistent link: https://www.econbiz.de/10010406876
Persistent link: https://www.econbiz.de/10003769836
Persistent link: https://www.econbiz.de/10011524570
This article summarizes a small part of the literature on laboratory experiments in political economy. The experiments discussed are primarily aimed at testing predictions of equilibrium models of voting in committees and elections. The specific topics discussed are voter turnout, the Condorcet...
Persistent link: https://www.econbiz.de/10014205635
This article summarizes a small part of the literature on laboratory experiments in political economy. The experiments discussed are primarily aimed at testing predictions of equilibrium models of voting in committees and elections. The specific topics discussed are voter turnout, the Condorcet...
Persistent link: https://www.econbiz.de/10013143904
Crisis bargaining games are widely used to analyze bilateral conflicts, featuring strategic bluffing akin to poker. Players risk substantial losses from overplaying their hand but can secure significant gains if their opponent concedes. Since decisions in crises typically emerge from collective...
Persistent link: https://www.econbiz.de/10015195038