Large Scale Experiments Webinar Series - Syngjoo Choi
Cambridge-INET, Prof. Sanjeev Goyal and Dr. Frederic Moisan are hosting a series of webinars on "Large Scale Experiments". The third webinar of this series will be given by Syngjoo Choi (Seoul National University) on "Large Scale Experiments on Networks: A New Platform with Applications" (joint paper with Sanjeev Goyal and Frederic Moisan).
Abstract
We present a new platform for large scale networks experiments in continuous time and conduct three experiments on it: groups range from 8 all the way to 100 subjects. These experiments involve pure linking games as well as games with linking and public goods provision.
The major finding is that subjects create sparse networks that are almost always highly efficient. In some cases networks have a very unequal distribution of connections and exhibit small average distances, while in others subjects create equal and dispersed large distance networks. In some cases highly connected nodes earn vastly more while in other cases they earn significantly less than their less connected cohort. Informational overload helps in explaining why highly connected nodes make excessive investments but earn less than the spokes.
Event Date: Thursday 2nd July 2020
Time: 02:00pm - 03:00pm
Event Contact: Marion Reusch - inet@econ.cam.ac.uk
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