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11 to 20 of 23 Results
Aug 1, 2014 - AWI Experimental Economics
Apesteguia, Jose; Huck, Steffen; Oechssler, Jörg; Weidenholzer, Simon, 2014, "Imitation and the Evolution of Walrasian Behavior: Theoretically Fragile but Behaviorally [Dataset]", https://doi.org/10.11588/data/10021, heiDATA, V2, UNF:5:9uTZvsy6tiSJe0U8/cdxPw== [fileUNF]
A well-known result by Vega-Redondo (1997) [18] implies that in symmetric Cournot oligopolies, imitation leads to the Walrasian outcome. We show that this result is not robust to the slightest asymmetry in costs, since every outcome where agents choose identical actions will be p...
Mar 22, 2018 - AWI Experimental Economics
Apesteguia, Jose; Huck, Steffen; Oechssler, Jörg; Weidenholzer, Elke; Weidenholzer, Simon, 2018, "Imitation of Peers in Children and Adults [Dataset]", https://doi.org/10.11588/data/HFTMST, heiDATA, V1, UNF:6:QDuPhtFcF3CPULh+tQIpJQ== [fileUNF]
Imitation of the successful choices of others is a simple and superficially attractive learning rule. It has been shown to be an important driving force for the strategic behavior of (young) adults. In this study we examine whether imitation is prevalent in the behavior of childr...
Jul 4, 2017 - AWI Experimental Economics
Buckert, Magdalena; Oechssler, Jörg; Schwieren, Christiane, 2017, "Imitation under stress [Dataset]", https://doi.org/10.11588/data/VYCCZI, heiDATA, V1, UNF:6:MAZqxVN4vzEoCVKBRyl1KQ== [fileUNF]
Imitation has been shown to be an important heuristic, in particular in relatively complex environments. In this experiment we test whether subjects are more likely to use imitation if they are under time pressure or distracted. Subjects play a repeated Cournot oligopoly. Treatme...
Jul 29, 2014 - AWI Experimental Economics
Huck, Steffen; Normann, Hans-Theo; Oechssler, Jörg, 2014, "Learning in Cournot Oligopoly - An Experiment [Dataset]", https://doi.org/10.11588/data/10012, heiDATA, V1
This experiment was designed to test various learning theories in the context of a Cournot oligopoly. We derive theoretical predictions for the learning theories and test these predictions by varying the information given to subjects. The results show that some subjects imitate s...
Sep 9, 2019 - AWI Experimental Economics
Nikiforakis, Nikos; Oechssler, Jörg; Shah, Anvar, 2019, "Managerial bonuses and subordinate mistreatment [Dataset]", https://doi.org/10.11588/data/876SOV, heiDATA, V1, UNF:6:rgdksaMzfE0dDvw+toLLbg== [fileUNF]
Can performance bonuses increase the likelihood that managers coerce their subordinates into exerting high levels of effort when doing so promotes neither efficiency nor equity? We consider a laboratory setting in which managers compete to obtain a large bonus at the end of the e...
Aug 4, 2014 - AWI Experimental Economics
Bauernschuster, Stefan; Dürsch, Peter; Oechssler, Jörg; Vadovic, Radovan, 2014, "Mandatory Sick Pay Provision: A Labor Market Experiment [Dataset]", https://doi.org/10.11588/data/10022, heiDATA, V2, UNF:5:QN3j/kE7cRnB9bWCisLgMg== [fileUNF]
The question whether a minimum rate of sick pay should be mandated is much debated. We study the effects of this kind of intervention with student subjects in an experimental laboratory setting rich enough to allow for moral hazard, adverse selection, and crowding out of good int...
Oct 28, 2014 - AWI Experimental Economics
Oechssler, Jörg; Schmidt, Carsten; Schnedler, Wendelin, 2014, "On the Ingredients for Bubble Formation: Informed Traders and Communication [Dataset]", https://doi.org/10.11588/data/10018, heiDATA, V2, UNF:5:CfRgi4YFxqGebpDZgTc48w== [fileUNF]
Bubbles in asset markets have been documented in numerous experiments. Most experiments in which bubbles occur feature a declining fundamental value. This feature has been criticized for being atypical of real financial markets. Here, we experimentally study other ingredients for...
Aug 4, 2014 - AWI Experimental Economics
Dürsch, Peter; Kolb, Albert; Oechssler, Jörg; Schipper, Burkhard C., 2014, "Rage Against the Machines: How Subjects Learn to Play Against Computers [Dataset]", https://doi.org/10.11588/data/10024, heiDATA, V3, UNF:5:UE+VbT403TpvbwYdzJeHMQ== [fileUNF]
We use a large-scale internet experiment to explore how subjects learn to play against computers that are programmed to follow one of a number of standard learning algorithms. The learning theories are (unbeknown to subjects) a best response process, fictitious play, imitation, r...
Dec 11, 2018 - AWI Experimental Economics
Dürsch, Peter; Oechssler, Jörg; Vadovic, Radovan, 2014, "Sick Pay Provision in Experimental Labor Markets [Dataset]", https://doi.org/10.11588/data/10010, heiDATA, V2, UNF:6:gwZx9SQucrST4uvXCxHw0w== [fileUNF]
Sick pay is a common provision in most labor contracts. This paper employs an experimental gift exchange environment to explore two related questions using both managers and undergraduates as subjects. First, do workers reciprocate generous sick pay with higher effort? Second, do...
Jul 30, 2014 - AWI Experimental Economics
Huck, Steffen; Normann, Hans-Theo; Oechssler, Jörg, 2014, "Stability of the Cournot Process - Experimental Evidence [Dataset]", https://doi.org/10.11588/data/10014, heiDATA, V1
We report results of experiments designed to test the predictions of the best-reply process. In a Cournot oligopoly with four firms, the best-reply process should theoretically explode if demand and cost functions are linear. We find, however, no experimental evidence of such ins...
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