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- W1507245790 abstract "We report an experiment on effects of varying institutional format and dynamic structure of centipede games and Dutch auctions. Centipede games with a clock format unravel, as predicted by theory but not reported in previous literature on two-player tree-format centipede games. Dutch auctions with a tree format produce bids close to risk neutral Nash equilibrium bids, unlike previous literature on clock-format Dutch auctions. Our data provide a new, expanded set of stylized facts which may provide a foundation for unified modeling of play in a class of games that includes centipede games and Dutch auctions." @default.
- W1507245790 created "2016-06-24" @default.
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- W1507245790 date "2012-01-01" @default.
- W1507245790 modified "2023-10-02" @default.
- W1507245790 title "Clocks and Trees: Isomorphic Dutch Auctions and Centipede Games" @default.
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- W1507245790 doi "https://doi.org/10.3982/ecta9589" @default.
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