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3 hits

  • Thumbnail for Corrido de Lucio Flores
    Corrido de Lucio Flores by Gutierrez, Juan O.

    Las Vegas, New Mexico. No listing in Cobos index. Quality: good/fair. PLEASE NOTE: this should be number 1 of 17 songs on the audiofile.

  • Thumbnail for No me hagas caso, estoy loco
    No me hagas caso, estoy loco by Gutierrez, Juan O.

    Las Vegas, New Mexico. No listing in Cobos index. Quality: fair. PLEASE NOTE: this should be number 2 of 17 songs on the audiofile.

  • Thumbnail for Resistance to truthful revelation in bargaining : persistent bid shading and the play of dominated strategies
    Resistance to truthful revelation in bargaining : persistent bid shading and the play of dominated strategies by Parco, James E. , Murphy, Ryan O.

    We report results from a simultaneous bilateral bargaining experiment with attention to the effects of a settlement bonus on strategic decision-making behavior. In instances with a sufficiently large settlement bonus, truthful revelation emerges as the dominant strategy. However previous work (Parco and Rapoport, 2004) has experimentally tested this ―Bonus Effect‖ and found that although the presence of a settlement bonus improves efficiency, behavior falls drastically short of the normative predictions. This finding illustrates the persistent tendency of decision makers to bid strategically, i.e. shading their bids, even when truthful revelation is a strictly dominant strategy. Herein we investigate the influence of the framing of information and look for ways to nudge decision makers toward making better choices in these strategic environments. Additional results from an adaptive reinforcement-based learning model are discussed as they relate to a potential innate bias for strategic misrepresentation even when contrary to self-interest and collective-interest.