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Precedent transfer in experimental conflict-of-interest games

Published on Feb 1, 1998in Journal of Economic Behavior and Organization1.40
· DOI :10.1016/S0167-2681(97)00053-X
Marc Knez1
Estimated H-index: 1
Abstract
Abstract In this paper, I use simple coordination games to examine the process under which precedents (or past equilibrium experiences) transfer across games. I study a 3-player conflict-of-interest game that possesses two focal equilibria: an equal payoff equilibrium and a coalitional equilibrium. The social convention of equal sharing is not sufficiently powerful to select the equal-payoff equilibrium. However, after subjects develop homegrown experience playing the equal-payoff equilibrium in an analogous 2-player game, they are significantly more likely to select the action associated with the equal-payoff equilibrium. However, surprisingly, they are also much more likely to select the action associated with the coalitional equilibrium. Using expectations data also collected in the experiment, I speculate on the reasons for this latter effect.
  • References (11)
  • Citations (12)
References11
Newest
#1John B. Van Huyck (A&M: Texas A&M University)H-Index: 19
#2Ann Gillette (IUPUI: Indiana University – Purdue University Indianapolis)H-Index: 2
Last.Raymond C. Battalio (A&M: Texas A&M University)H-Index: 31
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#1John B. Van Huyck (A&M: Texas A&M University)H-Index: 19
#2Raymond C. Battalio (A&M: Texas A&M University)H-Index: 31
Last.Richard O. Beil (AU: Auburn University)H-Index: 6
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#1B. Douglas Bernheim (NBER: National Bureau of Economic Research)H-Index: 53
#2Bezalel Peleg (HUJI: Hebrew University of Jerusalem)H-Index: 35
Last.Michael D. Whinston (Harvard University)H-Index: 31
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#1B. Douglas BernheimH-Index: 53
#2Bezalel PelegH-Index: 35
Last.Michael D. WhinstonH-Index: 31
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#1Alvin E. Roth (UIUC: University of Illinois at Urbana–Champaign)H-Index: 76
#2Michael W.K. Malouf (UIUC: University of Illinois at Urbana–Champaign)H-Index: 5
Last.J. Keith Murnighan (UIUC: University of Illinois at Urbana–Champaign)H-Index: 41
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Cited By12
Newest
#1Matthew Mulford (LSE: London School of Economics and Political Science)H-Index: 5
#2Jonathan Jackson (LSE: London School of Economics and Political Science)H-Index: 38
Last.Henrik SvedsäterH-Index: 1
view all 3 authors...
View next paperThe Strategy of Conflict