Stationary Concepts for Experimental 2 X 2 Games: Reply
AbstractThis is a reply to "Stationary Concepts for Experimental 2 X 2 Games: Comment" by Brunner, Camerer, and Goeree which corrects some computational errors in Selten and Chmura (2008) and extends the comparison of five stationary concepts to data from previous experimental studies. We critically discuss their new findings and relate them to the data of Selten and Chmura (2008). We conclude that the parametric concepts of action-sampling equilibrium and payoff-sampling equilibrium perform better than quantal response equilibrium, and that the non-parametric concept of impulse-balance equilibrium performs at least as well as quantal response equilibrium. (JEL C70)
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Bibliographic InfoArticle provided by American Economic Association in its journal American Economic Review.
Volume (Year): 101 (2011)
Issue (Month): 2 (April)
Find related papers by JEL classification:
- C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
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- Reinhard Selten & Thorsten Chmura, 2008.
"Stationary Concepts for Experimental 2x2-Games,"
American Economic Review,
American Economic Association, vol. 98(3), pages 938-66, June.
- Chmura, Thorsten & Goerg, Sebastian J. & Selten, Reinhard, 2012.
"Learning in experimental 2×2 games,"
Games and Economic Behavior,
Elsevier, vol. 76(1), pages 44-73.
- Daniele Nosenzo & Theo Offerman & Martin Sefton & Ailko van der Veen, 2010.
"Inducing Good Behavior: Bonuses versus Fines in Inspection Games,"
2010-21, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
- Daniele Nosenzo & Theo Offerman & Martin Sefton & Ailko van der Veen, 2010. "Inducing Good Behavior: Bonuses versus Fines in Inspection Games," Discussion Papers 2010-21, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
- Thorsten Chmura & Werner Güth & Thomas Pitz & Anthony Ziegelmeyer, 2010.
"The Minority of Three-Game: An Experimental and Theoretical Analysis,"
Jena Economic Research Papers
2010-071, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
- Thorsten Chmura & Werner Güth, 2011. "The Minority of Three-Game: An Experimental and Theoretical Analysis," Games, MDPI, Open Access Journal, vol. 2(3), pages 333-354, September.
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