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An experiment on subjective game valuations

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Author Info
Aurora García-Gallego () (LEE/LINEEX and Economics Department, Universitat Jaume I)
Nikolaos Georgantzís () (LEE/LINEEX and Economics Department, Universitat Jaume I)
María José Gil-Moltó () (Dpt Economics, Loughborough University)
Vicente Orts () (IEI, LEE and Economics Department, Universitat Jaume I)

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Abstract

We report experimental results on a prisoners' dilemma implemented in a way which allows us to elicit incentive-compatible valuations of the game. We test the hypothesis that players' valuations coincide with their Nash equilibrium earnings. Our results offer significantly less support for this hypothesis than for the prediction of Dominant Strategy (DS) play.

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File URL: http://economicsbulletin.vanderbilt.edu/2006/volume3/EB-06C90002A.pdf
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Publisher Info
Article provided by Economics Bulletin in its journal Economics Bulletin.

Volume (Year): 3 (2006)
Issue (Month): 10 ()
Pages: 1-6
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:ebl:ecbull:v:3:y:2006:i:10:p:1-6

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Postal: Economics Bulletin, Department of Economics, 414 Calhoun Hall, Vanderbilt University, Nashville TN 37235, USA
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Related research
Keywords: Behavioral Game Theory; Dominant Strategies; Game Value; Subgame Perfection;

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Find related papers by JEL classification:
C9 - Mathematical and Quantitative Methods - - Design of Experiments
C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory

References listed on IDEAS
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  1. Kreps, David M & Wilson, Robert, 1982. "Sequential Equilibria," Econometrica, Econometric Society, vol. 50(4), pages 863-94, July. [Downloadable!] (restricted)
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This page was last updated on 2009-11-16.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.