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's knowledge public knowledge. The experiment replicates the results of earlier experimental studies (Dickhaut et al., 1995, Cai …
Persistent link: https://www.econbiz.de/10010884477
We study the nature of dominance violations in three minimalist dominance-solvable guessing games, featuring two or three players choosing among two or three strategies. We examine how subjects' reported reasoning translates into their choices and beliefs about others' choices, and how reasoning...
Persistent link: https://www.econbiz.de/10005090605
, and whether this is anticipated by outsiders. We develop a simple model of bayesian learning in trust games and test the … derived hypotheses in a controlled laboratory environment. In the experiment, two trustees sequentially play a trust game with …
Persistent link: https://www.econbiz.de/10010702019
, in order to test the theoretical predictions of the overconfidence literature in economics and finance, one cannot rely … overconfidence and linked to the judgment literature in psychology. Empirical tests of the models often fail to find evidence for the … predicted effects of overconfidence. These studies assume, however, that a specific type of overconfidence, i …
Persistent link: https://www.econbiz.de/10008483761
Numerous studies suggest that communication may be a universal means to mitigate collective action problems. In this study, we challenge this view and show that the communication structure crucially determines whether communication mitigates or intensifies the problem of collective action. We...
Persistent link: https://www.econbiz.de/10008675292
Viewing individual contributions as investments in emission reduction we rely on the familiar linear public goods- game to set global reduction targets which, if missed, imply that all payoffs are destroyed with a certain probability. Regulation by milestones does not only impose a final...
Persistent link: https://www.econbiz.de/10008751288
projects have demonstrated that the mechanism is efficiency enhancing. Our experiment tests whether the mechanism re- mains …
Persistent link: https://www.econbiz.de/10010658715
experiment to measure human trading behaviour changes if these humans expect algorithmic traders. To disentangle the direct …
Persistent link: https://www.econbiz.de/10011166024
players modify their behavior. We conducted a repeated ultimatum game experiment with random strangers, in which one treatment …
Persistent link: https://www.econbiz.de/10008782796
This paper experimentally investigates the effect of limits on campaign spending and outcome in an electoral contest where two candidates, an incumbent and a challenger, compete for office in terms of the amount of campaign expenditure. The candidates are asymmetric only in that the incumbent...
Persistent link: https://www.econbiz.de/10010548160