Showing 1 - 10 of 2,043
coordination when there is strategic uncertainty. We compare the choices made by experimental subjects in a minimum effort game. In … coordination between group members, both leading to lower payoffs. However, these results depend strongly on the group's gender …
Persistent link: https://www.econbiz.de/10012285502
absence of group deliberation − affects the choice. The experiment utilizes the Interdependent Security Dilemma paradigm. In …
Persistent link: https://www.econbiz.de/10014036270
coordination fallacy, a violation of monotonicity whereby the probability weight placed on a symmetric coordination profile of the … coordination profile. …
Persistent link: https://www.econbiz.de/10012488822
We report experimental evidence on the voluntary provision of public goods under threshold uncertainty. By explicitly comparing two prominent technologies, summation and weakest link, we show that uncertainty is particularly detrimental to threshold attainment under weakest link, where low...
Persistent link: https://www.econbiz.de/10012696938
coordination in normal-form games with multiple equilibria - the more equitable equilibrium might be selected either because …-subjects experimental design, furthermore, we study the relative performance of the equity principle in six simple 2x2 coordination games … seems to be behind most of the coordination failures that we observe. …
Persistent link: https://www.econbiz.de/10010224794
subjective beliefs of players. In a laboratory experiment we measure subjects' certainty equivalents for three coordination games … and one lottery. Behavior in coordination games is related to risk aversion, experience seeking, gender, and age. From the … distribution of certainty equivalents among subjects we estimate probabilities for successful coordination in a wide range of games …
Persistent link: https://www.econbiz.de/10010361993
subjective beliefs of players. In a laboratory experiment we measure subjects' certainty equivalents for three coordination games … and one lottery. Behavior in coordination games is related to risk aversion, experience seeking, and age. From the … distribution of certainty equivalents we estimate probabilities for successful coordination in a wide range of games. For many …
Persistent link: https://www.econbiz.de/10014061293
We run a laboratory experiment with a two-person game with unique pure Nash equilibrium which is also the solution of …
Persistent link: https://www.econbiz.de/10011962034
subjective beliefs of players. In a laboratory experiment, we measure subjects' certainty equivalents for three coordination … games and one lottery. Behavior in coordination games is related to risk aversion, experience seeking, and age. From the … distribution of certainty equivalents, we estimate probabilities for successful coordination in a wide range of games. For many …
Persistent link: https://www.econbiz.de/10013318801
In this paper we model wholesale electricity markets as infinitely repeated games played under demand uncertainty. We examine the uniform-price auction, showing that symmetric bidding at the price cap constitutes the optimal collusive equilibrium under both perfectly inelastic demand and demand...
Persistent link: https://www.econbiz.de/10014142540