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On the Behavior of Proposers in Ultimatum Games

Brenner, Thomas; Vriend, Nicolaas J. - 2003

We demonstrate that one should not expect convergence of the proposals to the subgame perfect Nash equilibrium offer in standard ultimatum games. First, imposing strict experimental control of the behavior of the receiving players and focusing on the behavior of the proposers, we show...

Persistent link: https://www.econbiz.de/10014075019

Does information Matter? : Some experimental evidence from a common-pool resource game

Apesteguia, Jose - 2001

Persistent link: https://www.econbiz.de/10001618741

Does information matter? : some experimental evidence from a common-pool resource game

Apesteguia, Jose - 2001

This paper analyzes the effect of the availability of information about the payoff structure on the behavior of players … in a Common-Pool Resource game. Six groups of six individuals played a complete information game, while other six groups … played the same game but with no information about the payoff function. It will be shown that the patterns of investment …

Persistent link: https://www.econbiz.de/10011538855

The minority game unpacked : coordination and competition in a team-based experiment

Devetag, Giovanna; Pancotto, Francesca; Brenner, Thomas - 2011

In minority games, players in a group must decide at each round which of two available options to choose, knowing that only subjects who picked the minority option obtain a positive reward. Previous experiments on the minority and similar congestion games have shown that players interacting...

Persistent link: https://www.econbiz.de/10011734522

Belief formation in a signalling game without common prior : an experiment

Possajennikov, Alexandre - 2012

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...

Persistent link: https://www.econbiz.de/10009535526

Learning in Contests with Payoff Risk and Foregone Payoff Information

Masiliūnas, Aidas - 2019

We test whether deviations from Nash equilibrium in rent-seeking contests can be explained by the slow convergence of … foregone payoff information, which allows all actions to be evaluated against the same sequence of opponent's actions. The … and foregone payoff information is available, but are at most 20% in all other cases. This result can be explained by …

Persistent link: https://www.econbiz.de/10012869714

Learning in Experimental 2 X 2 Games

Chmura, Thorsten; Goerg, Sebastian J.; Selten, Reinhard - 2011

their results are compared with the results from experimental data. We test whether the models are capable of replicating …

Persistent link: https://www.econbiz.de/10014176405

The Minority Game Unpacked : Coordination and Competition in a Team-Based Experiment

Devetag, Giovanna; Pancotto, Francesca; Brenner, Thomas - 2015

Persistent link: https://www.econbiz.de/10014180445

Pattern Recognition and Subjective Belief Learning in a Repeated Constant-Sum Game

Spiliopoulos, Leonidas - 2012

This paper aspires to fill a conspicuous gap in the literature regarding learning in games — the absence of empirical verification of learning rules involving pattern recognition. Weighted fictitious play is extended to detect two-period patterns in opponents’ behavior and to comply with the...

Persistent link: https://www.econbiz.de/10014052195

Learning and the Possibility of Losing Own Money Reduce Overbidding : Delayed Payment in Experimental Auctions

Zhang, Yu Yvette - 2017

In this study, we designed a delayed payment mechanism in laboratory second price auctions (SPAs) under which subjects received a cash endowment two weeks after the experiment day and had to use their own money to pay the experimental loss (if any) on the experiment day. We compared the effect...

Persistent link: https://www.econbiz.de/10012971336