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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
substitutes. The theoretical basis for our experiment is the model of Bramoullé and Kranton (2007). As predicted, we find that … individuals are able to coordinate on equilibria, but that coordination strongly depends on the network structure. Despite … frequent coordination failures, in graphs of size N=4 equilibrium play seems easier on network architectures with high (low …
Persistent link: https://www.econbiz.de/10011049842
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
A stag-hunt game (with the risky and safe actions) has two pure Nash equilibria that are Pareto-rankable. The risky action leads either to the Pareto-superior equilibrium (high payoff) or to out of equilibrium (low payoff) depending on the opponent’s action. Both players may want to obtain...
Persistent link: https://www.econbiz.de/10011041643
by a draw from an Ellsberg urn. In a within-subject experiment, subjects make decisions in three different bargaining …
Persistent link: https://www.econbiz.de/10014380287
To make predictions with theories, usually we assume an individual's characteristics such as uncertainty preferences to be stable over time. In this paper, we analyze the stability of ambiguity preferences experimentally. We repeatedly elicit ambiguity attitudes towards multiple 3-color Ellsberg...
Persistent link: https://www.econbiz.de/10010207919
To accurately predict behavior economists need reliable measures of individual time preferences and attitudes toward risk and typically need to assume stability of these characteristics over time and across decision domains. We test the reliability of two choice tasks for eliciting discount...
Persistent link: https://www.econbiz.de/10009772925
Does the extent of cheating depend on a proper reference point? We use a real effort task that implements a two (gain versus loss frame) times two (monitored performance versus unmonitored performance) between-subjects design to examine whether cheating is reference-dependent. Our experimental...
Persistent link: https://www.econbiz.de/10010412075
This paper experimentally investigates individual information acquisition and decisions in ambiguous situations in which the degree of ambiguity can endogenously and individually be decreased by the subjects. In particular, I analyze how risk aversion, ambiguity attitude and personality traits...
Persistent link: https://www.econbiz.de/10010357825
We implement an experiment to elicit subjects’ ambiguity attitudes in the spirit of Ellsberg’s three-color urn. The …
Persistent link: https://www.econbiz.de/10010360878