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Although peer review is crucial for innovation and experimental discoveries in science, it is poorly understood in scientific terms. Discovering its true dynamics and exploring adjustments which improve the commitment of everyone involved could benefit scientific development for all disciplines...
Persistent link: https://www.econbiz.de/10011046484
This paper investigates the relevance of reputation to improve the explorative capabilities of agents in uncertain environments. We have presented a laboratory experiment where sixty-four subjects were asked to take iterated economic investment decisions. An agent-based model based on their...
Persistent link: https://www.econbiz.de/10008520795
This paper presents the results of laboratory experiments on the relevance of reputation for trust and cooperation in social interaction. We have extended a repeated investment game by adding new treatments where reputation is taken more explicitly into account than before. We then compared...
Persistent link: https://www.econbiz.de/10008469741
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