Costless pre-play communication has been found to effectively facilitate coordination and
enhance efficiency in games with Pareto-ranked equilibria. We report an experiment in …

We assess the reduction of hypothetical bias in consumers' willingness to pay (WTP) for
products by applying a generic, short, and neutral cheap talk script in a retail setting. Using …

Foregone payoffs add information about the outcomes for alternatives that are not chosen.
The present paper examines the effect of foregone payoffs on underweighting rare but …

We address gender differences in leader effectiveness and followers' perceptions of leaders'
effectiveness. Our experimental design removes gender-linked factors that might affect …

Tip** points can occur in many complex environmental systems and often produce abrupt
and irreversible change. Thresholds associated with tip** points are difficult to predict in …

Bertrand supergames with non‐binding communication are used to study price formation
and stability of collusive agreements on experimental duopoly markets. The experimental …

This paper examines how observing other people's behavior affects risk taking in repeated
decision tasks. In Study 1, 100 participants performed experience-based decision tasks …

We use a sequential voluntary contribution game to compare the relative impact of a first-
mover's non-binding announcement versus binding commitment on cooperation. We find …

Within-group communication in competitive coordination games has been shown to
increase competition between groups and lower efficiency. This study further explores …

Why do African and Middle Eastern countries seem cursed by an abundance of natural
resources yet USA, Australia and Norway seem blessed? A growing literature has argued …