Binding Promises and Cooperation Among Strangers

In an experiment, a group of strangers was randomly divided in pairs to play a prisoners’ dilemma; this process was indefinitely repeated. Cooperation did not increase when subjects could send public messages amounting to binding promises of future play.

[1]  Roman M. Sheremeta,et al.  A generalized Tullock contest , 2010 .

[2]  Roman M. Sheremeta,et al.  Visibility of Contributions and Cost of Information: An Experiment on Public Goods , 2010 .

[3]  D. Porter,et al.  Radio Spectrum and the Disruptive Clarity of Ronald Coase , 2010, The Journal of Law and Economics.

[4]  V. Smith,et al.  Double Bubbles in Assets Markets With Multiple Generations , 2014 .

[5]  Roman M. Sheremeta,et al.  Why Can’t We Be Friends? Entitlements, Bargaining, and Conflict , 2012 .

[6]  Michihiro Kandori Social Norms and Community Enforcement , 1992 .

[7]  Steven Gjerstad,et al.  Housing Market Price Tier Movements in an Expansion and Collapse , 2009 .

[8]  Roman M. Sheremeta,et al.  Facing Your Opponents: Social Identification and Information Feedback in Contests , 2014 .

[9]  Glenn M. Pfeiffer,et al.  Performance-Based Compensation and Firm Value – Experimental Evidence , 2015 .

[10]  David Porter,et al.  Information Effects in Multi-Unit Dutch Auctions , 2012 .

[11]  Roman M. Sheremeta,et al.  Make Him an Offer He Can’t Refuse: Avoiding Conflicts Through Side-Payments , 2010 .

[12]  Erik O. Kimbrough,et al.  Can Markets Save Lives? An Experimental Investigation of a Market for Organ Donations , 2010 .

[13]  Thomas A. Turk,et al.  Too Many Cooks Spoil the Broth: How the tragedy of the anticommons emerges in organizations , 2012 .

[14]  John Duffy,et al.  Words, Deeds, and Lies: Strategic Behaviour in Games with Multiple Signals , 2006 .

[15]  Stephen J. Rassenti,et al.  The Effect of Bidding Information in Ascending Auctions , 2011 .

[16]  Roman M. Sheremeta,et al.  Restoring Damaged Trust with Promises, Atonement and Apology , 2011 .

[17]  Penélope Hernández,et al.  Strategic behavior in Schelling dynamics: A new result and experimental evidence , 2011 .

[18]  E. Ostrom,et al.  Covenants with and without a Sword: Self-Governance Is Possible , 1992, American Political Science Review.

[19]  Roman M. Sheremeta Experimental Comparison of Multi-Stage and One-Stage Contests , 2009, Games Econ. Behav..

[20]  Roman M. Sheremeta,et al.  Overdissipation and Convergence in Rent-Seeking Experiments: Cost Structure and Prize Allocation Rules , 2012 .

[21]  Roman M. Sheremeta,et al.  Fight or Flight? Defending Against Sequential Attacks in the Game of Siege , 2010 .

[22]  Charles J. Thomas,et al.  Horizontal Product Differentiation in Auctions and Multilateral Negotiations , 2012 .

[23]  G. Camera,et al.  Cooperation among Strangers under the Shadow of the Future , 2009 .

[24]  Roman M. Sheremeta,et al.  Do Liars Believe? Beliefs and Other-Regarding Preferences in the Sender-Receiver Game , 2011 .

[25]  David Porter,et al.  Group Prediction in Information Markets With and Without Trading Information and Price Manipulation Incentives , 2008 .

[26]  David Porter,et al.  Experimental Evidence on the Properties of the California’s Cap and Trade Price Containment Reserve , 2012 .

[27]  John Dickhaut,et al.  Decision making and trade without probabilities , 2006 .

[28]  Timothy W. Shields Do Analysts Tell the Truth? Do Shareholders Listen? An Experimental Study of Analysts' Forecasts and Shareholder Reaction , 2008 .

[29]  David Porter,et al.  Affecting Policy by Manipulating Prediction Markets: Experimental Evidence , 2013 .

[30]  Roman M. Sheremeta,et al.  Simultaneous Decision‐Making in Competitive and Cooperative Environments , 2012 .

[31]  Daniel Houser,et al.  High Stakes Behavior with Low Payoffs: Inducing Preferences with Holt-Laury Gambles , 2009 .

[32]  Robin Hanson,et al.  Can Manipulators Mislead Prediction Market Observers , 2008 .

[33]  Vernon L. Smith,et al.  Balance Sheet Crises: Causes, Consequences, and Responses , 2013 .

[34]  Roman M. Sheremeta,et al.  Contest Design: An Experimental Investigation , 2009 .

[35]  Joaquín Gómez-Miñambres,et al.  Goal Setting and Monetary Incentives: When Large Stakes Are Not Enough , 2013, Manag. Sci..

[36]  Nikos Nikiforakis,et al.  Perfect and imperfect real-time monitoring in a minimum-effort game , 2012 .

[37]  Roman M. Sheremeta,et al.  The attack and defense of weakest-link networks , 2010, Public Choice.

[38]  Roman M. Sheremeta,et al.  Resolving Conflicts by a Random Device , 2012 .

[39]  Roman M. Sheremeta,et al.  A survey of experimental research on contests, all-pay auctions and tournaments , 2012, Experimental Economics.

[40]  Roman M. Sheremeta,et al.  Transparency, Efficiency and the Distribution of Economic Welfare in Pass-Through Investment Trust Games , 2011 .

[41]  John Dickhaut,et al.  Durability, Re-trading and Market Performance , 2010 .

[42]  David Porter,et al.  The Effect of Reliability, Content and Timing of Public Announcements on Asset Trading Behavior , 2010 .

[43]  Jane Sell,et al.  “Liar, Liar... ” , 1997 .

[44]  Alvin E. Roth,et al.  Equilibrium behavior and repeated play of the prisoner's dilemma , 1978 .

[45]  Roman M. Sheremeta,et al.  Entry into Winner-Take-All and Proportional-Prize Contests: An Experimental Study , 2010 .

[46]  Roman M. Sheremeta,et al.  Conflicted Minds: Recalibrational Emotions Following Trust-Based Interaction , 2013 .

[47]  Jared Rubin,et al.  Principal-Agent Settings with Random Shocks , 2012 .

[48]  Roman M. Sheremeta,et al.  The Equivalence of Contests , 2009 .

[49]  John Dickhaut,et al.  A Neuronal Mechanism of Choice , 2008 .

[50]  Bart J. Wilson,et al.  Anarchy, groups, and conflict: an experiment on the emergence of protective associations , 2012, Soc. Choice Welf..

[51]  Roman M. Sheremeta,et al.  Best-of-Three Contests: Experimental Evidence , 2011 .

[52]  Pablo Brañas-Garza,et al.  Self-discrimination: A field experiment on obesity , 2014 .

[53]  S. Rassenti,et al.  Real Effort, Real Leisure and Real-time Supervision: Incentives and Peer Pressure in Virtual Organizations , 2011 .

[54]  Brice Corgnet,et al.  Don't Ask Me If You Will Not Listen: The Dilemma of Consultative Participation , 2014, Manag. Sci..

[55]  Dan Kovenock,et al.  Extremism drives out moderation , 2015, Soc. Choice Welf..

[56]  Cary Deck,et al.  Price increasing competition? Experimental evidence , 2012 .

[57]  Roman M. Sheremeta,et al.  Side-Payments and the Costs of Conflict , 2012 .

[58]  John Dickhaut,et al.  Generating Ambiguity in the Laboratory , 2007, Manag. Sci..

[59]  J. Morgan,et al.  Cheap Talk , 2005 .

[60]  Ismael Rodriguez-Lara,et al.  Are you a good employee or simply a good guy? Influence Costs and Contract Design , 2013 .

[61]  Neslihan Uler,et al.  (Bad) Luck or (Lack of) Effort?: Comparing Social Sharing Norms between US and Europe , 2011 .

[62]  Pablo Brañas-Garza,et al.  MORAL CLEANSING AND MORAL LICENSES: EXPERIMENTAL EVIDENCE , 2013, Economics and Philosophy.

[63]  J. Dickhaut,et al.  Ageism & Cooperation , 2013 .

[64]  Roman M. Sheremeta Perfect-Substitutes, Best-Shot, and Weakest-Link Contests between Groups , 2009 .

[65]  Shengle Lin,et al.  Gradual Information Diffusion and Asset Price Momentum , 2010 .

[66]  Glenn Ellison Cooperation in the Prisoner's Dilemma with Anonymous Random Matching , 1994 .

[67]  Roman M. Sheremeta Expenditures and Information Disclosure in Two-Stage Political Contests , 2010 .

[68]  Baohua Xin,et al.  Higher-order Beliefs in Simple Trading Models , 2012 .

[69]  Vernon L. Smith,et al.  Household expenditure cycles and economic cycles, 1920 - 2010 , 2010 .

[70]  Timothy N. Cason,et al.  Cooperation Spillovers in Coordination Games , 2009 .

[71]  Roman M. Sheremeta,et al.  Building and Rebuilding Trust with Promises and Apologies , 2012 .

[72]  Bart J. Wilson,et al.  Go West Young Man: Self-selection and Endogenous Property Rights , 2013 .

[73]  Joaquín Gómez-Miñambres,et al.  Menu-Dependent Emotions and Self-Control , 2014 .

[74]  Roman M. Sheremeta,et al.  Endowment Effects in Contests , 2009 .

[75]  Ryan Oprea,et al.  War of Attrition: Evidence from a Laboratory Experiment on Market Exit , 2013 .

[76]  Cary Deck,et al.  Personality and the Consistency of Risk Taking Behavior: Experimental Evidence , 2010 .

[77]  Bart J. Wilson,et al.  An experiment on protecting intellectual property , 2014 .

[78]  S. Wood-Dauphinée,et al.  There's no place like home : an evaluation of early supported discharge for stroke. , 2000, Stroke.

[79]  David M. Grether,et al.  Intimidation or Impatience? Jump Bidding in On-line Ascending Automobile Auctions , 2011 .

[80]  Gunduz Caginalp,et al.  Asset Market Reactions to News: An Experimental Study , 2010 .

[81]  Bart J. Wilson,et al.  The Ecological and Civil Mainsprings of Property: An Experimental Economic History of Whalers’ Rules of Capture , 2010 .

[82]  Pablo Brañas-Garza,et al.  Students, Volunteers and Subjects: Experiments on Social Preferences , 2012 .

[83]  Timothy N. Cason,et al.  Behavioral spillovers in coordination games , 2012 .

[84]  Stephen J. Rassenti,et al.  Are Under- and Over-reaction the Same Matter? A Price Inertia based Account , 2010 .

[85]  Bart J. Wilson,et al.  Mine and Thine: The Territorial Foundations of Human Property , 2010 .

[86]  David Porter,et al.  Reaction to Public Information in Markets: How Much Does Ambiguity Matter? , 2013 .

[87]  Pablo Brañas-Garza,et al.  Cognitive effort in the Beauty Contest Game , 2012 .

[88]  Roberto Hernán González,et al.  Asymmetry and Deception in the Investment Game , 2012 .