One fundamental reason causing traffic flow instability and the difficulties in predicting traffic
conditions is strategic uncertainty. This paper experimentally investigated how routing …

We analyze a coordination game with information-constrained players. The players' actions
are based on a noisy compressed representation of the game's payoffs in a particular case …

To understand the mechanisms behind bank run contagions, we conduct bank run
experiments in a modified Diamond–Dybvig setup with two banks (Left and Right). The …

Purpose–How can laboratory experiments help us understand banking crises, including the
usefulness of various policy responses? After giving a concise introduction to the field of …

We propose a novel agent-based financial market framework in which speculators usually
follow their own individual technical and fundamental trading rules to determine their orders …

We report on experimental evidence rationalizing the use of heterogeneous agent models.
We provide compelling evidence that subjects in laboratory experiments often behave in …

This article reports an experiment conducted to evaluate the effects of alterations in the
terms of repayments to depositors following a liquidity suspension, as well as the effect of …

We develop a novel theoretical and experimental framework to study adoption and use of
cash versus electronic payments in retail transactions. The design allows us to assess the …

In this article, we survey experiments that are directly related to monetary policy and central
banking. We argue that experiments can also be used as a tool for central bankers for bench …

We provide experimental evidence on coordination within large groups that could proxy the
atomistic nature of real-world markets. We use a bank run game where the two pure-strategy …