Showing 1 - 10 of 587
Participants in a public goods experiment receive private or common signals regarding the so-called point of no return, meaning that if the group's total contribution falls below this point, all payoffs are reduced. An individual faces the usual conflict between private and collective interests...
Persistent link: https://www.econbiz.de/10010286448
This study disentangles experimentally imitation, reinforcement, and reciprocity in repeated prisoners' dilemmas. We compare a simple situation in which players interact only with their neighbours (local interaction) with one where players interact with all members of the population (group...
Persistent link: https://www.econbiz.de/10005463674
I show how improper conditioning of beliefs can lead to under-contribution in public goods environments with interdependent values. I consider a simple model of a binary, excludable public good. In equilibrium, provision of the public good is good news about its value. Naive players who...
Persistent link: https://www.econbiz.de/10011109699
This experiment investigates contests between groups. Each group has one strong player, with a higher valuation for the prize, and two weak players, with lower valuations. In contests where individual efforts are perfect substitutes, all players expend significantly higher efforts than predicted...
Persistent link: https://www.econbiz.de/10011111607
This paper examines whether and how cheap talk communication can facilitate within-group coordination when two unequal sized groups compete for a prize that is shared equally among members of the winning group, regardless of their (costly) contributions to the group’s success. We find that...
Persistent link: https://www.econbiz.de/10010817248
This experiment investigates contests between groups. Each group has one strong player, with a higher valuation for the prize, and two weak players, with lower valuations. In contests where individual efforts are perfect substitutes, all players expend significantly higher efforts than predicted...
Persistent link: https://www.econbiz.de/10010817442
We investigate and compare different approaches to derive strategies from observed data in spatial and spaceless prisoners' dilemmas experiments. We start with a model where players choose a fixed action that remains constant for all repetitions of a stage game. As an extension we then allow...
Persistent link: https://www.econbiz.de/10005585787
In this paper we study learning and cooperation in repeated prisoners' dilemmas experiments. We compare interaction neighbourhoods of different sizes and structure and we observe choices under different information conditions and estimate parameters of a learning model. We test robustness of the...
Persistent link: https://www.econbiz.de/10005761177
Game theory provides predictions of behavior in many one-shot games. On the other hand, most experimenters usually play repeated games with subjects, to provide experience. To avoid subjects rationally employing strategies that are appropriate for the repeated game, experimenters typically...
Persistent link: https://www.econbiz.de/10005551521
Participants in a public goods experiment receive private or common signals regarding the so-called "point of no return", meaning that if the group's total contribution falls below this point, all payoffs are reduced. An individual faces the usual conflict between private and collective...
Persistent link: https://www.econbiz.de/10009644963