Drift and equilibrium selection with human and computer players
AbstractThe theory of drift (Binmore and Samuelson 1999) concerns equilibrium selection in which second-order disturbances may have first-order effects in the emergence of one equilibrium over the other. We provided experimental evidence with human players supporting the model in Caminati, Innocenti and Ricciuti (2006). In this paper we test it with conditioning by computer players. When computers are removed and humans are matched against each other, the comparative static properties of the model are confirmed.
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Bibliographic InfoArticle provided by AccessEcon in its journal Economics Bulletin.
Volume (Year): 3 (2008)
Issue (Month): 19 ()
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Other versions of this item:
- Mauro Caminati & Alessandro Innocenti & Roberto Ricciuti, 2007. "Drift and Equilibrium Selection with Human and Computer Players," Labsi Experimental Economics Laboratory University of Siena 012, University of Siena.
- C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
- C9 - Mathematical and Quantitative Methods - - Design of Experiments
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