| . | Game 15 . | Game 25 . | Game 30 . | ||||||
|---|---|---|---|---|---|---|---|---|---|
| . | eff.(%) . | B (C) . | A (D) . | eff.(%) . | B (C) . | A (D) . | eff.(%) . | B (C) . | A (D) . |
| Theories | |||||||||
| MPE all | 100 | 10 | 10 | 72 | 6.45 | 11.45 | 50 | 4.17 | 13.33 |
| MPE | eff. | 10 | 10 | 8.95 | 11.05 | 8.34 | 11.67 | |||
| Markov Reversion | 100 | 10 | 10 | 100 | 8.75 | 11.25 | – | – | – |
| Carrot and Stick | 100 | 10 | 10 | 100 | |$(7\frac{7}{9},9\frac{4}{9})$| | |$(10\frac{5}{9},12\frac{2}{9})$| | 100 | |$(6\frac{1}{9},9\frac{4}{9})$| | |$(10\frac{5}{9},13\frac{8}{9})$| |
| SPB | 100 | 8.3 | 11.7 | 100 | 5 | 15 | 100 | 3.3 | 16.7 |
| Core Midpoint | 100 | 10 | 10 | 100 | 7.5 | 12.5 | 100 | 5 | 15 |
| Core | 100 | [0, 20] | [0, 20] | 100 | [0, 15] | [5, 20] | 100 | [0, 10] | [10, 20] |
| Data | |||||||||
| All | 100 | 10 | 10 | 51 | 4.5 | 11.8 | 30 | 2.4 | 14.2 |
| (0.00) | (0.03) | (0.03) | (0.03) | (0.25) | (0.10) | (0.01) | (0.11) | (0.05) | |
| | efficient | 10 | 10 | 8.8 | 11.2 | 7.7 | 12.3 | |||
| (0.03) | (0.03) | (0.10) | (0.10) | (0.09) | (0.09) | ||||
| . | Game 15 . | Game 25 . | Game 30 . | ||||||
|---|---|---|---|---|---|---|---|---|---|
| . | eff.(%) . | B (C) . | A (D) . | eff.(%) . | B (C) . | A (D) . | eff.(%) . | B (C) . | A (D) . |
| Theories | |||||||||
| MPE all | 100 | 10 | 10 | 72 | 6.45 | 11.45 | 50 | 4.17 | 13.33 |
| MPE | eff. | 10 | 10 | 8.95 | 11.05 | 8.34 | 11.67 | |||
| Markov Reversion | 100 | 10 | 10 | 100 | 8.75 | 11.25 | – | – | – |
| Carrot and Stick | 100 | 10 | 10 | 100 | |$(7\frac{7}{9},9\frac{4}{9})$| | |$(10\frac{5}{9},12\frac{2}{9})$| | 100 | |$(6\frac{1}{9},9\frac{4}{9})$| | |$(10\frac{5}{9},13\frac{8}{9})$| |
| SPB | 100 | 8.3 | 11.7 | 100 | 5 | 15 | 100 | 3.3 | 16.7 |
| Core Midpoint | 100 | 10 | 10 | 100 | 7.5 | 12.5 | 100 | 5 | 15 |
| Core | 100 | [0, 20] | [0, 20] | 100 | [0, 15] | [5, 20] | 100 | [0, 10] | [10, 20] |
| Data | |||||||||
| All | 100 | 10 | 10 | 51 | 4.5 | 11.8 | 30 | 2.4 | 14.2 |
| (0.00) | (0.03) | (0.03) | (0.03) | (0.25) | (0.10) | (0.01) | (0.11) | (0.05) | |
| | efficient | 10 | 10 | 8.8 | 11.2 | 7.7 | 12.3 | |||
| (0.03) | (0.03) | (0.10) | (0.10) | (0.09) | (0.09) | ||||
Notes: The last four rows report efficiency rates and average payoffs of players by their network position, with the corresponding robust standard errors in the parentheses where observations are clustered at the session level. The first two rows under the category of Data report players’ payoffs and robust standard errors in all the final outcomes, whereas the last two rows under the category of Data focus on the groups that reached an efficient outcome.
| . | Game 15 . | Game 25 . | Game 30 . | ||||||
|---|---|---|---|---|---|---|---|---|---|
| . | eff.(%) . | B (C) . | A (D) . | eff.(%) . | B (C) . | A (D) . | eff.(%) . | B (C) . | A (D) . |
| Theories | |||||||||
| MPE all | 100 | 10 | 10 | 72 | 6.45 | 11.45 | 50 | 4.17 | 13.33 |
| MPE | eff. | 10 | 10 | 8.95 | 11.05 | 8.34 | 11.67 | |||
| Markov Reversion | 100 | 10 | 10 | 100 | 8.75 | 11.25 | – | – | – |
| Carrot and Stick | 100 | 10 | 10 | 100 | |$(7\frac{7}{9},9\frac{4}{9})$| | |$(10\frac{5}{9},12\frac{2}{9})$| | 100 | |$(6\frac{1}{9},9\frac{4}{9})$| | |$(10\frac{5}{9},13\frac{8}{9})$| |
| SPB | 100 | 8.3 | 11.7 | 100 | 5 | 15 | 100 | 3.3 | 16.7 |
| Core Midpoint | 100 | 10 | 10 | 100 | 7.5 | 12.5 | 100 | 5 | 15 |
| Core | 100 | [0, 20] | [0, 20] | 100 | [0, 15] | [5, 20] | 100 | [0, 10] | [10, 20] |
| Data | |||||||||
| All | 100 | 10 | 10 | 51 | 4.5 | 11.8 | 30 | 2.4 | 14.2 |
| (0.00) | (0.03) | (0.03) | (0.03) | (0.25) | (0.10) | (0.01) | (0.11) | (0.05) | |
| | efficient | 10 | 10 | 8.8 | 11.2 | 7.7 | 12.3 | |||
| (0.03) | (0.03) | (0.10) | (0.10) | (0.09) | (0.09) | ||||
| . | Game 15 . | Game 25 . | Game 30 . | ||||||
|---|---|---|---|---|---|---|---|---|---|
| . | eff.(%) . | B (C) . | A (D) . | eff.(%) . | B (C) . | A (D) . | eff.(%) . | B (C) . | A (D) . |
| Theories | |||||||||
| MPE all | 100 | 10 | 10 | 72 | 6.45 | 11.45 | 50 | 4.17 | 13.33 |
| MPE | eff. | 10 | 10 | 8.95 | 11.05 | 8.34 | 11.67 | |||
| Markov Reversion | 100 | 10 | 10 | 100 | 8.75 | 11.25 | – | – | – |
| Carrot and Stick | 100 | 10 | 10 | 100 | |$(7\frac{7}{9},9\frac{4}{9})$| | |$(10\frac{5}{9},12\frac{2}{9})$| | 100 | |$(6\frac{1}{9},9\frac{4}{9})$| | |$(10\frac{5}{9},13\frac{8}{9})$| |
| SPB | 100 | 8.3 | 11.7 | 100 | 5 | 15 | 100 | 3.3 | 16.7 |
| Core Midpoint | 100 | 10 | 10 | 100 | 7.5 | 12.5 | 100 | 5 | 15 |
| Core | 100 | [0, 20] | [0, 20] | 100 | [0, 15] | [5, 20] | 100 | [0, 10] | [10, 20] |
| Data | |||||||||
| All | 100 | 10 | 10 | 51 | 4.5 | 11.8 | 30 | 2.4 | 14.2 |
| (0.00) | (0.03) | (0.03) | (0.03) | (0.25) | (0.10) | (0.01) | (0.11) | (0.05) | |
| | efficient | 10 | 10 | 8.8 | 11.2 | 7.7 | 12.3 | |||
| (0.03) | (0.03) | (0.10) | (0.10) | (0.09) | (0.09) | ||||
Notes: The last four rows report efficiency rates and average payoffs of players by their network position, with the corresponding robust standard errors in the parentheses where observations are clustered at the session level. The first two rows under the category of Data report players’ payoffs and robust standard errors in all the final outcomes, whereas the last two rows under the category of Data focus on the groups that reached an efficient outcome.
This PDF is available to Subscribers Only
View Article Abstract & Purchase OptionsFor full access to this pdf, sign in to an existing account, or purchase an annual subscription.
