John Kagel - Profile on Academia.edu (original) (raw)
Papers by John Kagel
Auctions: A Survey of Experi-mental Research
Economics According to the Rats (and Pigeons Too); What Have We Learned and What Can We Hope to Lear
Team versus Individual Play in Finitely Repeated Prisoner Dilemma Games
SSRN Electronic Journal, 2000
ABSTRACT
Communication in Legislative Bargaining
SSRN Electronic Journal, 2000
Legislative Bargaining with Teams
SSRN Electronic Journal, 2000
Income-Leisure Tradeoffs of Animal Workers
American Economic Review, Feb 1, 1981
Page 1. Income-Leisure Tradeoffs of Animal Workers By RAYMOND C. BATTALIO, LEONARD GREEN, AND JOH... more Page 1. Income-Leisure Tradeoffs of Animal Workers By RAYMOND C. BATTALIO, LEONARD GREEN, AND JOHN H. KAGEL* Results of recent empirical and theoretical research have shown the applicability of con-sumer ...
Issues in Multi-Dimensional Legislative Bargaining: Collective vs. Particularistic Goods
Journal of the European Economic Association, Sep 1, 2009
One of the dividing lines between economics and psychology experiments is that economists favor a... more One of the dividing lines between economics and psychology experiments is that economists favor abstract context while psychologists favor meaningful context. We investigate the effects of meaningful versus abstract context on cross-game learning in a signaling game experiment. With individual decision makers (1x1 games) meaningful context promotes positive cross-game learning in moving from a pooling equilibrium to a separating equilibrium, while abstract context yields negative cross-game learning. In 1x1 games a change in the (meaningful) context which accompanies "superficial" changes in the game stalls the learning process compared to an abstract context that does not change. In contrast, with two person teams the same change in meaningful context has no disruptive effect on strategic play, with teams also having substantially higher levels of strategic play than the 1x1 games. We relate the effects of meaningful versus abstract context on cross-game learning to the psychology literature on deductive reasoning processes (JEL C72, C92, D82, L12).
Journal of Political Economy, Feb 1, 1981
Journal of Applied Behavior Analysis, 1972
Risk Aversion in Rats (Rattus norvegicus) Under Varying Levels of Resource Availability
Journal of Comparative Psychology, May 31, 1986
Rats chose between a certain prospect and an uncertain prospect having equal expected value under... more Rats chose between a certain prospect and an uncertain prospect having equal expected value under varying levels of resource (water) availability. In contrast to results found with granivorous birds and common shrews (Sorex araneus), the rats did not switch from risk aversion (choosing the certain prospect) to risk preference (choosing the uncertain prospect) as resource availability varied from surplus to
We experimentally investigate the Jackson-Moselle (2002) model where legislators bargain over pol... more We experimentally investigate the Jackson-Moselle (2002) model where legislators bargain over policy proposals and the allocation of private goods. Key comparative static predictions of the model hold with the introduction of private goods including "strange bedfellow" coalitions. Private goods help to secure legislative compromise and increase the likelihood of proposals passing, an outcome not predicted by the theory but a staple of the applied political economy literature. Coalition formation is better characterized by an "efficient equal split" between coalition partners than the subgame perfect equilibrium prediction, which has implications for stable political party formation.
Learning and Transfer in Signalling Games
Economic choice theory: Bibliography
Bidding in Common Value Auctions: A Survey of Experimental Research
... The net effect, in the case of zero or small cash balances, is an ... One experimental treatm... more ... The net effect, in the case of zero or small cash balances, is an ... One experimental treatment involved conducting private-value auctions where subjects were sure to make money ... winner's curse exists, and although the magnitude and frequency of losses decline with experience ...
We present results from an experiment based on model of auctions with resale. As predicted weak b... more We present results from an experiment based on model of auctions with resale. As predicted weak bidders bid more with resale than without, so that resale raises average auction prices. When the equilibrium calls for weak types to bid higher than their values with resale they do, but not nearly as much as the theory predicts. When the equilibrium calls for weak bidders to bid at or below their value with resale, outcomes are much closer to the risk neutral Nash model's predictions.
An Experimental Investigation of Consumer Behavior in a Controlled Environment
J Consum Res, 1974
Page 1. An Experimental Investigation of Consumer Behavior in a Controlled Environment RAYMOND C.... more Page 1. An Experimental Investigation of Consumer Behavior in a Controlled Environment RAYMOND C. BATTALIO JOHN H. KAGEL ROBIN C. WINKLER EDWIN B. FISHER, JR. ROBERT L. BASMANN LEONARD KRASNER* ...
Experimental Confirmation of the Existence of a Giffen Good
American Economic Review, Feb 1, 1991
Page 1. Experimental Confirmation of the Existence of a Giffen Good By RAYMOND C. BATTALIO, JOHN ... more Page 1. Experimental Confirmation of the Existence of a Giffen Good By RAYMOND C. BATTALIO, JOHN H. KAGEL, AND CARL A. KOGUT* We shall have to find a new example of the positively sloping demand curve or push our discussion of it deeper into footnotes. ...
Comment on R. P. Byron's "The Restricted Aitken Estimation of Sets of Demand Relations
Auctions: A Survey of Experi-mental Research
Economics According to the Rats (and Pigeons Too); What Have We Learned and What Can We Hope to Lear
Team versus Individual Play in Finitely Repeated Prisoner Dilemma Games
SSRN Electronic Journal, 2000
ABSTRACT
Communication in Legislative Bargaining
SSRN Electronic Journal, 2000
Legislative Bargaining with Teams
SSRN Electronic Journal, 2000
Income-Leisure Tradeoffs of Animal Workers
American Economic Review, Feb 1, 1981
Page 1. Income-Leisure Tradeoffs of Animal Workers By RAYMOND C. BATTALIO, LEONARD GREEN, AND JOH... more Page 1. Income-Leisure Tradeoffs of Animal Workers By RAYMOND C. BATTALIO, LEONARD GREEN, AND JOHN H. KAGEL* Results of recent empirical and theoretical research have shown the applicability of con-sumer ...
Issues in Multi-Dimensional Legislative Bargaining: Collective vs. Particularistic Goods
Journal of the European Economic Association, Sep 1, 2009
One of the dividing lines between economics and psychology experiments is that economists favor a... more One of the dividing lines between economics and psychology experiments is that economists favor abstract context while psychologists favor meaningful context. We investigate the effects of meaningful versus abstract context on cross-game learning in a signaling game experiment. With individual decision makers (1x1 games) meaningful context promotes positive cross-game learning in moving from a pooling equilibrium to a separating equilibrium, while abstract context yields negative cross-game learning. In 1x1 games a change in the (meaningful) context which accompanies "superficial" changes in the game stalls the learning process compared to an abstract context that does not change. In contrast, with two person teams the same change in meaningful context has no disruptive effect on strategic play, with teams also having substantially higher levels of strategic play than the 1x1 games. We relate the effects of meaningful versus abstract context on cross-game learning to the psychology literature on deductive reasoning processes (JEL C72, C92, D82, L12).
Journal of Political Economy, Feb 1, 1981
Journal of Applied Behavior Analysis, 1972
Risk Aversion in Rats (Rattus norvegicus) Under Varying Levels of Resource Availability
Journal of Comparative Psychology, May 31, 1986
Rats chose between a certain prospect and an uncertain prospect having equal expected value under... more Rats chose between a certain prospect and an uncertain prospect having equal expected value under varying levels of resource (water) availability. In contrast to results found with granivorous birds and common shrews (Sorex araneus), the rats did not switch from risk aversion (choosing the certain prospect) to risk preference (choosing the uncertain prospect) as resource availability varied from surplus to
We experimentally investigate the Jackson-Moselle (2002) model where legislators bargain over pol... more We experimentally investigate the Jackson-Moselle (2002) model where legislators bargain over policy proposals and the allocation of private goods. Key comparative static predictions of the model hold with the introduction of private goods including "strange bedfellow" coalitions. Private goods help to secure legislative compromise and increase the likelihood of proposals passing, an outcome not predicted by the theory but a staple of the applied political economy literature. Coalition formation is better characterized by an "efficient equal split" between coalition partners than the subgame perfect equilibrium prediction, which has implications for stable political party formation.
Learning and Transfer in Signalling Games
Economic choice theory: Bibliography
Bidding in Common Value Auctions: A Survey of Experimental Research
... The net effect, in the case of zero or small cash balances, is an ... One experimental treatm... more ... The net effect, in the case of zero or small cash balances, is an ... One experimental treatment involved conducting private-value auctions where subjects were sure to make money ... winner's curse exists, and although the magnitude and frequency of losses decline with experience ...
We present results from an experiment based on model of auctions with resale. As predicted weak b... more We present results from an experiment based on model of auctions with resale. As predicted weak bidders bid more with resale than without, so that resale raises average auction prices. When the equilibrium calls for weak types to bid higher than their values with resale they do, but not nearly as much as the theory predicts. When the equilibrium calls for weak bidders to bid at or below their value with resale, outcomes are much closer to the risk neutral Nash model's predictions.
An Experimental Investigation of Consumer Behavior in a Controlled Environment
J Consum Res, 1974
Page 1. An Experimental Investigation of Consumer Behavior in a Controlled Environment RAYMOND C.... more Page 1. An Experimental Investigation of Consumer Behavior in a Controlled Environment RAYMOND C. BATTALIO JOHN H. KAGEL ROBIN C. WINKLER EDWIN B. FISHER, JR. ROBERT L. BASMANN LEONARD KRASNER* ...
Experimental Confirmation of the Existence of a Giffen Good
American Economic Review, Feb 1, 1991
Page 1. Experimental Confirmation of the Existence of a Giffen Good By RAYMOND C. BATTALIO, JOHN ... more Page 1. Experimental Confirmation of the Existence of a Giffen Good By RAYMOND C. BATTALIO, JOHN H. KAGEL, AND CARL A. KOGUT* We shall have to find a new example of the positively sloping demand curve or push our discussion of it deeper into footnotes. ...
Comment on R. P. Byron's "The Restricted Aitken Estimation of Sets of Demand Relations