Networks: An Experimental Study ¤ (2007)
Öð� Ê Èðóøø, Steven Callander Y
This paper reports on an experimental investigation of the evolution of networks and the individual decision making processes that guide it. Since there is no history of experimental work on network...
We conduct experiments to explore the role of anonymity, elicitation mechanisms, practice, training and binding outcome experiences in determining whether a gap between willingness to pay (“WTP”)...
Pasadena, California 91125 (2007)
Öð� Ê Èðóøø, Jacob K. Goeree, Charles R. Plott, John Wooders
Sales of multiple real-estate properties are often conducted via a sequence of ascending auctions, giving the winner at each stage the right to choose one of the available lots. We show that when...
Öð� Ê Èðóøø, Kay-yut Chen, Kay-yut Chen, Hewlett Packard Laboratories, Hewlett Packard Laboratories, Charles R. Plott, ...
Information Aggregation Mechanisms are economics mechanisms designed explicitly for the purpose of collecting and aggregating information. The modern theory of rational expectations, together with...
Information Aggregation in Double Auctions: Rational Expectations and the Winner’s Curse (1891)
Öð� Ê Èðóøø, Serena Guarnaschelli, Anthony M. Kwasnica, Charles R. Plott
This paper inquires about the ability of double auction institutions to aggregate information in the context of a “common value ” information structure that is known to produce the winner’s...
IN A COMMON-POOL RESOURCE ENVIRONMENT (1891)
Öð� Ê Èðóøø, Marco Casari, Marco Casari, Charles R. Plott, Charles R. Plott
The role of a specific institution in avoiding a "tragedy of the commons" situation in a common pool-resource environment is studied experimentally. The resource users privately...
Center for Experimental Business Research is gratefully acknowledged (1891)
Öð� Ê Èðóøø, Maria Huang B, Brad Nelson C, Leonard Cheng, ...
In a seminal series of papers 1, Gode and Sunder[1993,b,1996] have explored the relationship between limited rationality, market institutions and the general equilibration of markets to the...