The effect of payoff tables on experimental oligopoly behavior

Gürerk, Özgür; Selten, Reinhard

doi:10.1007/s10683-011-9310-8

Cited by 20 publications

(12 citation statements)

References 14 publications

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“…That the presentation of monetary rewards alone can substantially affect behavior has been demonstrated in a number of studies (see, e.g., Pruitt 1967, 1970, Selten and Stoecker, 1986, Hannan et al, 2005, Gürerk and Selten, 2012, and Hossain and List, 2012. 4 For example, in a field experiment on an agricultural company, Englmaier et al (2012) observe that a higher salience of incentives for quantity (i.e., the pieceͲrate) tends to increase the total amount of lettuce harvested.…”

Section: Presentation and Experience Effectsmentioning

confidence: 98%

How to Improve Patient Care? - An Analysis of Capitation, Fee-for-Service, and Mixed Payment Schemes for Physicians

et al. 2013

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. The working papers published in the Series constitute work in progress circulated to stimulate discussion and critical comments. Views expressed represent exclusively the authors' own opinions and do not necessarily refl ect those of the editors. Terms of use: Documents in Ruhr Economic Papers #412

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Section: Presentation and Experience Effectsmentioning

confidence: 98%

How to Improve Patient Care? - An Analysis of Capitation, Fee-for-Service, and Mixed Payment Schemes for Physicians

et al. 2013

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“…The comparison of decomposed games and matrix games adds to the literature on presentation effects (Charness et al, 2004;Requate and Waichman, 2010;Gürerk and Selten, 2011). The comparison of role assignment procedures also complements the studies by Murphy et al (2011) and Kerschbamer (2015a), which discuss how to identify distributional preferences based on sub-jects' choices in several resource allocation tasks but do not discuss the issue of role assignment.…”

Section: Resultsmentioning

confidence: 99%

The Influences of Social Context on the Measurement of Distributional Preferences

2016

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Different social contexts have been used when measuring distributional preferences. This could be problematic as contextual variance may inadvertently muddle the measurement process. We use a within-subjects design and measure distributional preferences in resource allocation tasks with role certainty, role uncertainty, decomposed games, and matrix games. Results show that, at the aggregate level, role uncertainty and decomposed games lead to higher degrees of prosociality when compared to role certainty. At the individual level, we observe considerable differences in behavior across the social contexts, indicating that the majority of people are sensitive to these different social settings but respond in different ways.

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“…This is illustrated in Figure 2. Charness et al (2004) and Gürerk and Selten (2012) showed that providing participants with such a comprehensive payoff table is an effective way to systematically reduce complexity. The objective of this extra manipulation was to test in how far participants take others' payoff into account when the complexity of doing so is practically removed.…”

Section: Experimental Designmentioning

confidence: 99%

Heuristic decision making in network linking

Hout

Dellaert

Herings

2016

European Journal of Operational Research

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Network formation among individuals constitutes an important part of many OR processes, but relatively little is known about how individuals make their linking decisions in networks. This article provides an investigation of heuristic effects in individual linking decisions for network formation in an incentivized lab-experimental setting.Our mixed logit analysis demonstrates that the inherent complexity of the network linking setting causes individuals' choices to be systematically less guided by payoff but more guided by simpler heuristic decision cues, and that this shift is systematically stronger for social payoff than for own payoff. Furthermore, we show that the specific complexity factors value transferability and social tradeoff aggravate the former effect.These heuristic effects have important research and policy implications in areas that involve network formation.JEL Classification: A14, C25, C91, D85

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The effect of payoff tables on experimental oligopoly behavior

Cited by 20 publications

References 14 publications

How to Improve Patient Care? - An Analysis of Capitation, Fee-for-Service, and Mixed Payment Schemes for Physicians

How to Improve Patient Care? - An Analysis of Capitation, Fee-for-Service, and Mixed Payment Schemes for Physicians

The Influences of Social Context on the Measurement of Distributional Preferences

Heuristic decision making in network linking

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