Experimental Economics
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Circadian effects on strategic reasoning
Experimental Economics - Tập 15 - Trang 444-459 - 2011
The ability to strategically reason is important in many competitive environments. In this paper, we examine how relatively mild temporal variations in cognition affect reasoning in the Beauty Contest. The source of temporal cognition variation that we explore is the time-of-day that decisions are made. Our first result is that circadian mismatched subjects (i.e., those making decisions at off-pea......
Why We Should Not Be Silent About Noise
Experimental Economics - Tập 8 - Trang 325-345 - 2005
There is an odd contradiction about much of the empirical (experimental) literature: The data is analysed using statistical tools which presuppose that there is some noise or randomness in the data, but the source and possible nature of the noise are rarely explicitly discussed. This paper argues that the noise should be brought out into the open, and its nature and implications openly discussed. ......
What drives conditional cooperation in public good games?
Experimental Economics - Tập 26 - Trang 435-467 - 2022
Extensive experimental research on public good games documents that many subjects are “conditional cooperators” in that they positively correlate their contribution with (their belief about) contributions of other subjects in their peer group. The goal of our study is to shed light on what preference and decision-making patterns drive this observed regularity. We consider reciprocity, conformity, ......
Measuring higher order ambiguity preferences
Experimental Economics - Tập 21 - Trang 233-256 - 2017
We report the results from an experiment designed to measure attitudes towards ambiguity beyond ambiguity aversion. In particular, we implement recently-proposed model-free preference conditions of ambiguity prudence and ambiguity temperance. Ambiguity prudence has been shown to play an important role in precautionary behavior and the mere presence of ambiguity averse agents in markets. We observe......
Ostracism and theft in heterogeneous groups
Experimental Economics - Tập 26 - Trang 193-222 - 2022
Ostracism, or exclusion by peers, has been practiced since ancient times as a severe form of punishment against transgressors of laws or social norms. The purpose of this paper is to offer a comprehensive analysis on how ostracism affects behavior and the functioning of a social group. We present data from a laboratory experiment, in which participants face a social dilemma on how to allocate limi......
Strategic decisions: behavioral differences between CEOs and others
Experimental Economics - Tập 23 - Trang 154-180 - 2019
We study whether CEOs of private firms differ from other people with regard to their strategic decisions and beliefs about others’ strategy choices. Such differences are interesting since CEOs make decisions that are economically more relevant, because they affect not only their own utility or the well-being of household members, but the utility of many stakeholders inside and outside of the organ......
Which performs better under trader settings, double auction or uniform price auction?
Experimental Economics - Tập 22 - Trang 247-267 - 2018
A marketable permit system (MPS) has been suggested as a solution to environmental problems. Although the properties of MPSs under non-trader settings, in which each player is exclusively either a seller or a buyer, are well documented, little research has explored how MPSs perform under trader settings, in which each player can be both a seller and a buyer. We institute two auctions of trader set......
Directional behavioral spillover and cognitive load effects in multiple repeated games
Experimental Economics - Tập 22 - Trang 705-734 - 2018
In this study, we use a novel design to test for directional behavioral spillover and cognitive load effects in a set of multiple repeated games. Specifically, in our experiment, each subject plays a common historical game with two different matches for 100 rounds. After 100 rounds, the subject switches to a new game with one match and continues playing the historical game with the other match. Th......
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