8
votes
Accepted
Examples of behavioural breakdowns in game theory?
Here is an article that reports about several laboratory experiments showing large inconsistencies between theoretical predictions and observed behavior for some payoff structures:
Goeree, J.K. and ...
- 96
7
votes
Examples of behavioural breakdowns in game theory?
This question is discussed in detail in the paper:
Weibull, Jörgen W. "Testing game theory." Advances in
Understanding Strategic Behaviour. Palgrave Macmillan, London, 2004.
85-104.
Weibull ...
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7
votes
Is there a journal for replications in experimental economics?
Experimental Economics states: "The journal will also consider
articles with a primary focus on methodology or replication of
controversial findings."
The Economics e-Journal takes replications from ...
- 539
5
votes
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Ex-post vs Ex-ante Budget Balance in Auctions
These are widely used technical terms with a precise mathematical meaning:
Ex-ante budget balance means that the expected sum of all transfers is zero.
Ex-post budget balance means that the sum of ...
- 11.4k
5
votes
Accepted
What are the advantages using Otree to progam economic experiments?
One irreducible advantage of oTree over z-Tree is that you can easily reuse/imply the entire trajectories of results per entity (session/group/player) when doing repeated games. With z-Tree, it is ...
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5
votes
Examples of behavioural breakdowns in game theory?
The game you describe is known as the dictator's or ultimatum game, and indeed people typically refuse offers that are less than a 2/3-1/3 split. A lot of research has gone into this in the ...
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4
votes
Understanding Vernon Smith's 1962 "An Experimental Study of Competitive Market Behavior"
Gode and Sunder (1993) recorded a result similar to yours. The abstract of the paper reads:
We report market experiments in which human traders are replaced by "zero-intelligence" programs ...
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4
votes
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Example of games according to specific requirements
These so-called "Binmore rules" are criteria for "a favorable experimental environment for game theory" (Binmore 2007, emphasis mine). They are not requirements on games per se, ...
- 15.3k
3
votes
Theories that complement/contradict prospect theory?
A good place to start would be the book Prospect Theory: For Risk and Ambiguity, by Peter Wakker (2010, Cambridge University Press). There is an entire area of economic theory called decision theory ...
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3
votes
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Market-2001 software used in Gode and Sunder (1993)
Market 2001 is a piece of software Gode and Sunder wrote themselves for their work in Turbo Pascal. There is a description in
Gode, D. K., and Shyam Sunder. 1994. Human and artificially intelligent ...
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3
votes
Experimental Economics
When I took experimental economics as an undergrad, here are two resources assigned by the course:
The Handbook of Experimental Economics - Kagel and Roth
Experimental Economics: Rethinking the Rules ...
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3
votes
Accepted
Understanding Vernon Smith's 1962 "An Experimental Study of Competitive Market Behavior"
I suspect that the reason for that result is the way how you modeled the situation is by having the prices to be offered at random from a sample of numbers in uniform fashion (unless I am misreading ...
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3
votes
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Is sending fake resumes deception?
Fake resumes are a form of deception in a manner of speaking, but the purpose of the deception is to reveal obfuscated bias in hiring practices. Not all journals take such a hard-line stance on this ...
- 46
3
votes
Measuring Subjective Beliefs
you can do a belief elicitation.
See more on this here:
Rauhut, H., 2013. Beliefs about lying and spreading of dishonesty: Undetected lies and their constructive and destructive social dynamics in ...
3
votes
Accepted
RDD with multiple cutoffs
This paper:https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2712957
Is exactly what you need.
- 2,911
3
votes
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What made The Wörgl Experiment successful?
It was successful because it combined three things at the same time.
Firstly, it increased available currency at a time when currency was scarce for any but the rich - so everyone was more solvent.
...
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3
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Is there a journal for replications in experimental economics?
I assume you're talking about field experiments and empirical work in general. (Not Vernon Smith's style lab experiments.)
AidGrade
http://www.aidgrade.org/compare-programs-by-outcome
The website ...
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3
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Is there a journal for replications in experimental economics?
The Journal of Economic Science Association, a companion journal to Experimental Economics is one outlet devoted to publishing, among other article types, replication of experiments.
As said on the ...
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2
votes
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Flexible lab experiment in otree
I found an answer to the second part of the question here https://github.com/oTree-org/otree-docs/issues/2.
It turns out that in oTree, the variable ...
- 5,197
2
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What made The Wörgl Experiment successful?
From German Wikipedia
Monatlich musste eine Marke zu einem Prozent des Nennwertes der Note gekauft und in ein dafür vorgesehenes Feld auf der Vorderseite des Geldscheins geklebt werden, um ihn ...
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2
votes
Accepted
What is the economic incentive to cheat? How does an experiment capture exogenous deviations?
A couple of comments to your question below:
When an economic experiment is designed to have predetermined outcomes of ethical and unethical decisions, how does it address the extreme levels of ...
- 15.3k
2
votes
What are the advantages using Otree to progam economic experiments?
The main advantage of oTree is that it works for both offline and online experiments. In contrast, zTree must be run offline. So oTree is more flexible. Even if your current experiment will be run in ...
- 856
2
votes
Understanding Vernon Smith's 1962 "An Experimental Study of Competitive Market Behavior"
Smith's human traders adapted their behavior, learning from experience between successive market periods, which is another reason why their transaction-price time-series is so much smoother than yours ...
- 21
1
vote
Does it matter if your decision might not matter?
Interesting question. I don't have any empirical evidence to offer, so I can't answer your question if that's what you're asking for.
But it's easy to provide "theoretical evidence", as it were, that ...
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vote
How to obtain standard surveys / measures to use at end of experiment to "control for altruism" etc?
In experimental economics, the classic ways to measure/control for participants' social preferences are variants of the following games:
The ultimatum game measures a participant's preference for ...
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1
vote
Can I recreate an experiment on Allais paradox using student grades as payoffs?
I am not sure I understand the problems outlined in the other answers. Seems to me that if we assume students maximize their expected utility and lotteries A1 and B2 (or B1 and A2) are chosen by ...
- 28.4k
1
vote
How to specify a Diff-In-Diff Regression with multiple time periods?
I am a bit confused because you said there are two treatments. I presume that one "treatment" group is the control group and the other is the treatment group. (I don't think you have a separate ...
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vote
Erik Reinert's conclusions and experiments in economics
It's been too long since I read those, so I don't exactly remember whether they answer your two specific questions, but if you are interested in the topic you should definitely have a look at:
https:...
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