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Communication and Experimental Economics

Description: This quiz covers the topic of Communication and Experimental Economics. It explores how communication affects economic decision-making and outcomes in experimental settings.
Number of Questions: 15
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Tags: experimental economics communication game theory behavioral economics
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In experimental economics, what is the primary purpose of communication?

  1. To facilitate coordination and cooperation among participants

  2. To provide participants with information about the experiment

  3. To allow participants to express their preferences

  4. To create a competitive environment among participants

Show answer
Correct Option: A
Explanation:

Communication in experimental economics is primarily aimed at enabling participants to coordinate their actions and cooperate with each other to achieve mutually beneficial outcomes.

Which communication method is commonly used in experimental economics to study strategic interactions among participants?

  1. Verbal communication

  2. Written communication

  3. Non-verbal communication

  4. Electronic communication

Show answer
Correct Option: D
Explanation:

Electronic communication, such as computer-mediated communication or online platforms, is often used in experimental economics to facilitate strategic interactions among participants.

In a public goods game, how does communication affect the level of cooperation among participants?

  1. Communication increases cooperation by allowing participants to coordinate their contributions

  2. Communication decreases cooperation by revealing the intentions of other participants

  3. Communication has no effect on cooperation

  4. Communication increases cooperation by creating a sense of trust among participants

Show answer
Correct Option: A
Explanation:

Communication in a public goods game enables participants to share information about their intended contributions, leading to increased coordination and cooperation.

Which communication strategy is commonly used in experimental economics to study the impact of cheap talk on economic decisions?

  1. Sender-only communication

  2. Receiver-only communication

  3. Simultaneous communication

  4. Sequential communication

Show answer
Correct Option: A
Explanation:

Sender-only communication is a common strategy in experimental economics to study cheap talk, where one participant (the sender) can send a message to another participant (the receiver), but the receiver cannot respond.

In an ultimatum game, how does communication affect the bargaining outcome?

  1. Communication increases the proposer's share of the pie

  2. Communication decreases the proposer's share of the pie

  3. Communication has no effect on the proposer's share of the pie

  4. Communication increases the responder's share of the pie

Show answer
Correct Option: A
Explanation:

Communication in an ultimatum game allows the proposer to persuade the responder to accept a lower share of the pie, resulting in a higher share for the proposer.

Which communication protocol is commonly used in experimental economics to study the role of communication in bargaining?

  1. Alternating-offers protocol

  2. Simultaneous-offers protocol

  3. Take-it-or-leave-it protocol

  4. Double-auction protocol

Show answer
Correct Option: A
Explanation:

The alternating-offers protocol is a widely used communication protocol in experimental economics to study bargaining, where participants make offers and counteroffers in alternating rounds.

In a trust game, how does communication affect the level of trust between participants?

  1. Communication increases trust by allowing participants to build a relationship

  2. Communication decreases trust by revealing the intentions of other participants

  3. Communication has no effect on trust

  4. Communication increases trust by creating a sense of obligation among participants

Show answer
Correct Option: A
Explanation:

Communication in a trust game enables participants to exchange information, build rapport, and establish a sense of trust, leading to increased cooperation and trust.

Which communication strategy is commonly used in experimental economics to study the impact of social norms on economic decisions?

  1. Public communication

  2. Private communication

  3. Anonymous communication

  4. Face-to-face communication

Show answer
Correct Option: A
Explanation:

Public communication is a common strategy in experimental economics to study social norms, where participants' actions and decisions are made visible to others.

In a beauty contest game, how does communication affect the convergence of participants' choices?

  1. Communication increases convergence by allowing participants to coordinate their choices

  2. Communication decreases convergence by revealing the intentions of other participants

  3. Communication has no effect on convergence

  4. Communication decreases convergence by creating a sense of competition among participants

Show answer
Correct Option: A
Explanation:

Communication in a beauty contest game enables participants to share information about their beliefs and expectations, leading to increased coordination and convergence of choices.

Which communication protocol is commonly used in experimental economics to study the role of communication in coordination games?

  1. Common knowledge protocol

  2. Private knowledge protocol

  3. Incomplete information protocol

  4. Perfect information protocol

Show answer
Correct Option: A
Explanation:

The common knowledge protocol is a widely used communication protocol in experimental economics to study coordination games, where participants have complete information about the game and each other's actions.

In an experimental auction, how does communication affect the efficiency of the market?

  1. Communication increases efficiency by allowing participants to share information about their valuations

  2. Communication decreases efficiency by revealing the intentions of other participants

  3. Communication has no effect on efficiency

  4. Communication decreases efficiency by creating a sense of competition among participants

Show answer
Correct Option: A
Explanation:

Communication in an experimental auction enables participants to exchange information about their preferences and valuations, leading to increased efficiency and more accurate price discovery.

Which communication strategy is commonly used in experimental economics to study the impact of language on economic decisions?

  1. Natural language communication

  2. Artificial language communication

  3. Non-verbal communication

  4. Symbolic communication

Show answer
Correct Option: A
Explanation:

Natural language communication is a common strategy in experimental economics to study the impact of language on economic decisions, where participants use their native language to communicate with each other.

In a signaling game, how does communication affect the sender's ability to convey information to the receiver?

  1. Communication increases the sender's ability to convey information by allowing them to send more signals

  2. Communication decreases the sender's ability to convey information by revealing their intentions

  3. Communication has no effect on the sender's ability to convey information

  4. Communication decreases the sender's ability to convey information by creating a sense of distrust between the sender and receiver

Show answer
Correct Option: A
Explanation:

Communication in a signaling game enables the sender to send multiple signals to the receiver, increasing the likelihood that the receiver will correctly interpret the sender's type or intentions.

Which communication protocol is commonly used in experimental economics to study the role of communication in social dilemmas?

  1. Prisoner's dilemma protocol

  2. Tragedy of the commons protocol

  3. Assurance game protocol

  4. Coordination game protocol

Show answer
Correct Option: A
Explanation:

The prisoner's dilemma protocol is a widely used communication protocol in experimental economics to study social dilemmas, where participants face a conflict between their individual interests and the collective interest.

In an experimental market, how does communication affect the level of competition among participants?

  1. Communication increases competition by allowing participants to share information about their strategies

  2. Communication decreases competition by revealing the intentions of other participants

  3. Communication has no effect on competition

  4. Communication decreases competition by creating a sense of cooperation among participants

Show answer
Correct Option: A
Explanation:

Communication in an experimental market enables participants to exchange information about their production costs, prices, and market conditions, leading to increased competition and more efficient market outcomes.

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