Results 71 to 80 of about 741,872 (173)

Indenture as a Commitment Device in Self-Enforced Contracts: An Experimental Test [PDF]

open access: yes
How can a principal (an agent) ensure that an agent (a principal) will work (pay up), if payment (work) precedes work (payment)? When a banknote is torn in two, each part is by itself worthless.
Alexander S. Kritikos, Jonathan H.W. Tan
core  

Multi-Level Trust Game with “Insider” Communication [PDF]

open access: yes
This experiment studies the internal and external effects of communication in a multilevel trust game. In this trust game, the first player can send any part of his endowment to the second player. The amount sent gets tripled.
Jingjing Zhang, Roman M. Sheremeta
core  

Experimental Study on the Decision Making process in a Centipede Game. [PDF]

open access: yes, 2019
The studys objective was to measure the somatic state response (skin conductance and heart rate) and understand thedecision making processes in a two-player Centipede game, an extensive form game, with a modified payoff. The experi-ment included fixed and random termination for analyzing the effect of players mutual trust on risk-taking behavior ...
Goyal, Dhriti   +2 more
openaire   +1 more source

Are Groups more Rational than Individuals? A Review of Interactive Decision Making in Groups [PDF]

open access: yes
Many decisions are interactive; the outcome of one party depends not only on its decisions or on acts of nature but also on the decisions of others. In the present article, we review the literature on decision making made by groups of the past 25 years ...
Edgar E. Kausel   +2 more
core  

Profiling dynamic decision-makers. [PDF]

open access: yesPLoS One, 2022
Grabiszewski K, Horenstein A.
europepmc   +1 more source

A critical analysis of the centipede game

open access: yes, 2014
The centipede game is one of the clearest examples of the paradox of backward induction. Such paradox happens when, in a sequential game, the unique perfect Nash equilibrium prediction implies a very counterintuitive play. Experimental tests of the centipede games confirm this contradiction: individuals do not follow the subgame perfect equilibrium ...
openaire   +1 more source

Billiards and Brains: Cognitive Ability and Behavior in a p-Beauty Contest [PDF]

open access: yes
"Beauty contests" are well-studied, dominance-solvable games that generate two interesting results. First, most behavior does not conform to the unique Nash equilibrium. Second, there is considerable unexplained heterogeneity in behavior.
Burnham, Terence C.   +4 more
core  

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