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We report on experiments examining the value of commitment in Stackelberg games where the follower chooses whether to pay some cost to perfectly observe the leader's action. Várdy (2004) shows that in the unique pure strategy subgame perfect equilibrium of this game, the value of commitment is...
Persistent link: https://www.econbiz.de/10014060286
more impatient decision maker may experiment more, given lump-sum final payoffs. We show that (a) and (b) are robust to … decisions at each instant: stop or experiment, and then at what level n. The second choice equates the marginal costs and …
Persistent link: https://www.econbiz.de/10014060773
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Madrassas (Islamic religious seminaries) have been alleged to be responsible for fostering Islamic extremism and violence, and for indoctrinating their students in narrow worldviews. However, we know very little about the behavior of Madrassa students, and how other groups in their communities...
Persistent link: https://www.econbiz.de/10009160745
This paper studies the determinants of college major choice using a unique "information" experiment embedded in a …
Persistent link: https://www.econbiz.de/10009160750
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The authors extend the standard public goods game in a variety of ways, in particular by allowing for endogenous preference over institutions and by studying the relationship between individual types, their preferences, and later behavior within the various institutional environments. They...
Persistent link: https://www.econbiz.de/10009569611
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