Showing 1 - 10 of 27
networks, such coordination may be very difficult to achieve and may depend on the communication technology and the network … structure. We examine how pre-play communication and clustering within networks affect coordination in a challenging … outcome in our game, but restricted communication (where subjects can only indicate their intended action) is almost entirely …
Persistent link: https://www.econbiz.de/10012024395
networks, such coordination may be very difficult to achieve and may depend on the communication technology and the network … structure. We examine how pre-play communication and clustering within networks affect coordination in a challenging … outcome in our game, but restricted communication (where subjects can only indicate their intended action) is almost entirely …
Persistent link: https://www.econbiz.de/10012006270
Existing models of regret aversion assume that individuals can make an ex-post comparison between their choice and a foregone alternative. Yet in many situations such a comparison can be made only if someone else chose the alternative option. We develop a model where regret-averse agents must...
Persistent link: https://www.econbiz.de/10012110582
Experiments were conducted on an asset with the structure of an option. The information of any individual is limited …, as if only the direction of movement of the option value known for a single period without information of the value from … when movement was initiated. However, if all information of all insiders were pooled, the value of the option would be …
Persistent link: https://www.econbiz.de/10005487359
Experiments were conducted on an asset with the structure of an option. The information of any individual is limited …, as if only the direction of movement of the option value known for a single period without information of the value from … when movement was initiated. However, if all information of all insiders were pooled, the value of the option would be …
Persistent link: https://www.econbiz.de/10005701376
Existing models of regret aversion assume that individuals can make an ex-post comparison between their choice and a foregone alternative. Yet in many situations such a comparison can be made only if someone else chose the alternative option. We develop a model where regret-averse agents must...
Persistent link: https://www.econbiz.de/10012029141
Persistent link: https://www.econbiz.de/10002615421
This paper studies how heterogeneity in income dynamics affects the POUM hypothesis (the idea that poor people do not support high level of redistribution because they hope to be rich in the future). We consider a setting where individuals evaluate their expected future income using both their...
Persistent link: https://www.econbiz.de/10009731794
Persistent link: https://www.econbiz.de/10003675469
subgroups. We investigate the occurrence of tacit and explicit collusion by allowing for communication within subgroups in one … symmetric collusive strategy for one subgroup, we find little evidence for tacit collusion. Only when explicit communication is …
Persistent link: https://www.econbiz.de/10010988968