The quality of the signal matters - A note on imperfect observability and the timing of moves
AbstractIn a recent study Huck and Müller (1998) report that--in contrast to Bagwell's (1995) prediction--first movers in a simple experimental market do not lose their commitment power in the presence of noise. The present note shows that it is the quality of the signal and not the knowledge about the physical timing of moves that is responsible for these experimental results. Additionally, the findings reported here provide further evidence that the positional order protocol cannot induce non--equilibrium play.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by EconWPA in its series Experimental with number 9902001.
Length: 10 pages
Date of creation: 12 Feb 1999
Date of revision:
Note: Type of Document - PS; prepared on IBM PC; to print on PostScript; pages: 10 ; figures: included
Contact details of provider:
Web page: http://18.104.22.168
commitment; first-mover advantage; imperfect observability; positional order protocol; experimental economics;
Other versions of this item:
- Muller, Wieland, 2001. "The quality of the signal matters -- a note on imperfect observability and the timing of moves," Journal of Economic Behavior & Organization, Elsevier, vol. 45(1), pages 99-106, May.
- W. Müller, 1999. "The quality of the signal matters - A note on imperfect observability and the timing of moves," SFB 373 Discussion Papers 1999,17, Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes.
- C9 - Mathematical and Quantitative Methods - - Design of Experiments
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Hildenbrand, Andreas, 2010. "Cournot or Stackelberg competition? A survey on experimental evidence," MPRA Paper 24468, University Library of Munich, Germany.
- Güth, W. & Müller, W. & Spiegel, Y., 2006.
"Noisy leadership: An experimental approach,"
Open Access publications from Tilburg University
urn:nbn:nl:ui:12-193643, Tilburg University.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (EconWPA).
If references are entirely missing, you can add them using this form.