Replication data for: The Compromise Game: Two-Sided Adverse Selection in the Laboratory
Principal Investigator(s): View help for Principal Investigator(s) Juan D. Carrillo; Thomas R. Palfrey
Version: View help for Version V1
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AEJmicro-2007-0039_ReadMe_data.txt | text/plain | 1.1 KB | 10/12/2019 06:10:PM |
AEJmicro-2007-0039_all_data.xls | application/vnd.ms-excel | 227 KB | 10/12/2019 06:10:PM |
LICENSE.txt | text/plain | 14.6 KB | 10/12/2019 06:10:PM |
Project Citation:
Carrillo, Juan D., and Palfrey, Thomas R. Replication data for: The Compromise Game: Two-Sided Adverse Selection in the Laboratory. Nashville, TN: American Economic Association [publisher], 2009. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E114312V1
Project Description
Summary:
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We analyze a game of two-sided private information where players
have privately known "strengths" and can decide to fight or compromise.
If either chooses to fight, the stronger player receives a high
payoff and the weaker player receives a low payoff. If both choose
to compromise, each player receives an intermediate payoff. The
only equilibrium is for players to always fight. In our experiment, we
observe frequent compromise, more fighting the lower the compromise
payoff and less fighting by first than second movers. We explore
several theories of cognitive limitations in an attempt to understand
these anomalous findings. (JEL C91, D82)
Scope of Project
JEL Classification:
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C91 Design of Experiments: Laboratory, Individual
D82 Asymmetric and Private Information; Mechanism Design
C91 Design of Experiments: Laboratory, Individual
D82 Asymmetric and Private Information; Mechanism Design
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