Showing 181 - 190 of 77,121
We analyze learning in a two-person simultaneous choice repeated game. Agents form beliefs about their rival's strategies, which they revise as the game progresses. We test this model using data from a series of experiments. We obtain data on subjects' expectations by asking them to predict...
Persistent link: https://www.econbiz.de/10014055691
We develop a model of strategic contractual incompleteness that identifies conditions under which principals might omit even costlessly verifiable terms. We then use experiments to test comparative statics predictions of the model. While it is well known that verifiability imperfections can...
Persistent link: https://www.econbiz.de/10013031190
common one- and two-population models. We also design a continuous-time experiment, exploring the dynamics and the …
Persistent link: https://www.econbiz.de/10011487939
Is personal currency issued by participants sufficient to operate an economy efficiently, with no outside or government money? Sahi and Yao (in J Math Econ, 1989) and Sorin (in J Econ Theory, 1996) constructed a strategic market game to prove that this is possible. We conduct an experimental...
Persistent link: https://www.econbiz.de/10013131195
We report experimental evidence on gender differences in financial decision that involves three depositors choosing between waiting or withdrawing their money from a common bank. We find that the position in the line, the fact of being observed and the observed decisions are key determinants to...
Persistent link: https://www.econbiz.de/10010251053
coordination games. In this paper we analyze and discuss the solution concept for common coordination problems as incorporated in … resulting restrictions in using private information. We report results from a laboratory experiment in which teams were given a … considerable doubt on the idea of opportunistic team reasoning as a guide to coordination. Contrary to what TR would predict …
Persistent link: https://www.econbiz.de/10010350073
conventional coordination, where subjects bet on only one alternative, subjects coordinate by the distribution of points. This … experiment on the elicitation of social norms (Krupka and Weber, 2013), we compare the proposed mechanism with conventional … coordination. The data confirms the theoretical predictions regarding coordination behavior and demonstrates that the proposed …
Persistent link: https://www.econbiz.de/10011987024
conforming to Nash equilibrium behavior. We conduct an experiment on a minority-of-three game in which each player is a team … egocentric instead. Our results contribute to the understanding of coordination dynamics resting on heterogeneity and co …
Persistent link: https://www.econbiz.de/10011734522
-based learning model, we conduct a multi-period, binary-choice, and weakest-link laboratory coordination experiment to study the …This study investigates a potential mechanism to promote coordination. With theoretical guidance using a belief … level of contribution immediately - on group coordination performance. We randomly assign subjects to three treatments …
Persistent link: https://www.econbiz.de/10012058134
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