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Persistent link: https://www.econbiz.de/10009787509
We consider a game where one player, the Announcer, has to communicate the value of a payoff relevant state of the world to a set of players who play a coordination game with multiple equilibria. While the Announcer and the players agree that coordination is desirable, since the payoffs of the...
Persistent link: https://www.econbiz.de/10013107596
The experimental literature on repeated games has largely focused on settings where players discount the future identically. In applications, however, interactions often occur between players whose time preferences differ. We study experimentally the effects of discounting differentials in...
Persistent link: https://www.econbiz.de/10014348138
The experimental literature on repeated games has largely focused on settings where players discount the future identically. In applications, however, interactions often occur between players whose time preferences differ. We study experimentally the effects of discounting differentials in...
Persistent link: https://www.econbiz.de/10014348845
Persistent link: https://www.econbiz.de/10015404365
Persistent link: https://www.econbiz.de/10001802013
In this experiment groups of 8 subjects are recruited into the lab and play Van Huyck et al.'s (1990) Minimum Game for 10 periods. After his participation is over each subject is replaced by another agent, his laboratory descendant, who then plays the game for another 10 periods with a fresh...
Persistent link: https://www.econbiz.de/10014083662
Persistent link: https://www.econbiz.de/10003805224
We investigate the creation and evolution of conventions of behavior in "intergenerational games" or games in which a sequence of nonoverlapping "generations" of players play a stage game for a finite number of periods and are then replaced by other agents who continue the game in their role for...
Persistent link: https://www.econbiz.de/10014086309