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The Samaritan’s dilemma problem is analyzed in the article. Based on the Buchanan’s model, the strategies formulated according to the classical decision theory criterions were considered. Here, the impact of all the decision strategies combinations was evaluated from the point of social...
Persistent link: https://www.econbiz.de/10011724746
The experiment engaging 50 participants was performed to model and identify the determinants of the players’ risky behavior. Here, a questionnaire and a bimatrix game containing the negative/zero payoffs were used to identify the players’ motives to play risky strategies. Besides the...
Persistent link: https://www.econbiz.de/10008788395
Persistent link: https://www.econbiz.de/10001548848
The paper presents the concept of an imitation equilibrium and explores it in the context of some simple oligopoly … group is imitated. Imitation is the adoption of the imitated player's strategy. Imitation equilibrium does not only mean … equilibrium directly or by a return path after an unsuccessful deviation. The imitation equilibrium concept is motivated by the …
Persistent link: https://www.econbiz.de/10011538885
study the equilibrium outcome analytically. The experiment can be used in intermediate micro- and macroeconomic courses …
Persistent link: https://www.econbiz.de/10013150418
This chapter surveys literature on experimental law and economics. Long the domain of legally minded psychologists and criminologists, experimental methods are gaining significant popularity among economists interested in exploring positive and normative aspects of law. Because this literature...
Persistent link: https://www.econbiz.de/10014023489
our experiment, a sunspot variable points randomly at the risk-dominant or the payoff-dominant choice. We find out-of-equilibrium …
Persistent link: https://www.econbiz.de/10012233925
Sanctions are a common method to discourage free-riding in the provision of public goods. However, we can usually only sanction those who are detected performing the bad act of free-riding. There has been considerable research on the type of sanctions imposed, but this research almost always...
Persistent link: https://www.econbiz.de/10011873544
In many bargaining situations, the distribution of seats or voting weights does not accurately reflect bargaining power. Maaser, Paetzel and Traub (Games and Economic Behavior, 2019) conducted an experiment to investigate the effect of such nominal power differences in the classic Baron-Ferejohn...
Persistent link: https://www.econbiz.de/10013200168
Punishment institutions for curtailing free-riding in social dilemmas rely on information about individuals' behavior collected through monitoring. We contribute to the experimental study of cooperation-enhancing institutions by examining how cooperation and efficiency in a social dilemma change...
Persistent link: https://www.econbiz.de/10014476203