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Equilibrium play and adaptive learning in a three-person centipede game

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  • Rapoport, Amnon
  • Stein, William E.
  • Parco, James E.
  • Nicholas, Thomas E.

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File URL: http://www.sciencedirect.com/science/article/B6WFW-484V9T8-9/2/5411e1b6568cc0a3652a2c38612e459b
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Bibliographic Info

Article provided by Elsevier in its journal Games and Economic Behavior.

Volume (Year): 43 (2003)
Issue (Month): 2 (May)
Pages: 239-265

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Handle: RePEc:eee:gamebe:v:43:y:2003:i:2:p:239-265

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Web page: http://www.elsevier.com/locate/inca/622836

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References

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  1. Mookherjee, Dilip & Sopher, Barry, 1997. "Learning and Decision Costs in Experimental Constant Sum Games," Games and Economic Behavior, Elsevier, vol. 19(1), pages 97-132, April.
  2. Sarin, R. & Vahid, F., 1999. "Predicting how People Play Games: a Simple Dynamic Model of Choice," Monash Econometrics and Business Statistics Working Papers 12/99, Monash University, Department of Econometrics and Business Statistics.
  3. Dale O. Stahl, 1997. "Rule Learning in Symmetric Normal-Form Games: Theory and Evidence," CARE Working Papers 9710, The University of Texas at Austin, Center for Applied Research in Economics.
  4. Giovanni Ponti, . "Cycles Of Learning In The Centipede Game," ELSE working papers 024, ESRC Centre on Economics Learning and Social Evolution.
  5. Aumann, Robert J., 1996. "Reply to Binmore," Games and Economic Behavior, Elsevier, vol. 17(1), pages 138-146, November.
  6. Drew Fudenberg & David K. Levine, 1996. "The Theory of Learning in Games," Levine's Working Paper Archive 624, David K. Levine.
  7. Binmore, Ken & Swierzbinski, Joe & Proulx, Chris, 2001. "Does Minimax Work? An Experimental Study," Economic Journal, Royal Economic Society, vol. 111(473), pages 445-64, July.
  8. Aumann, Robert J, 1987. "Correlated Equilibrium as an Expression of Bayesian Rationality," Econometrica, Econometric Society, vol. 55(1), pages 1-18, January.
  9. Aumann, Robert J., 1995. "Backward induction and common knowledge of rationality," Games and Economic Behavior, Elsevier, vol. 8(1), pages 6-19.
  10. McKelvey, Richard D & Palfrey, Thomas R, 1992. "An Experimental Study of the Centipede Game," Econometrica, Econometric Society, vol. 60(4), pages 803-36, July.
  11. Rosenthal, Robert W., 1981. "Games of perfect information, predatory pricing and the chain-store paradox," Journal of Economic Theory, Elsevier, vol. 25(1), pages 92-100, August.
  12. Camerer, Colin F. & Hogarth, Robin M., 1999. "The Effects of Financial Incentives in Experiments: A Review and Capital-Labor-Production Framework," Working Papers 1059, California Institute of Technology, Division of the Humanities and Social Sciences.
  13. Fudenberg, Drew & Levine, David K., 1995. "Consistency and cautious fictitious play," Journal of Economic Dynamics and Control, Elsevier, vol. 19(5-7), pages 1065-1089.
  14. Binmore, Ken, 1996. "A Note on Backward Induction," Games and Economic Behavior, Elsevier, vol. 17(1), pages 135-137, November.
  15. Aumann, Robert J., 1998. "On the Centipede Game," Games and Economic Behavior, Elsevier, vol. 23(1), pages 97-105, April.
  16. Mookherjee Dilip & Sopher Barry, 1994. "Learning Behavior in an Experimental Matching Pennies Game," Games and Economic Behavior, Elsevier, vol. 7(1), pages 62-91, July.
  17. Richard Mckelvey & Thomas Palfrey, 1998. "Quantal Response Equilibria for Extensive Form Games," Experimental Economics, Springer, vol. 1(1), pages 9-41, June.
  18. Zauner, Klaus G., 1999. "A Payoff Uncertainty Explanation of Results in Experimental Centipede Games," Games and Economic Behavior, Elsevier, vol. 26(1), pages 157-185, January.
  19. Fey, Mark & McKelvey, Richard D & Palfrey, Thomas R, 1996. "An Experimental Study of Constant-Sum Centipede Games," International Journal of Game Theory, Springer, vol. 25(3), pages 269-87.
  20. Dale O. Stahl, 1999. "Evidence based rules and learning in symmetric normal-form games," International Journal of Game Theory, Springer, vol. 28(1), pages 111-130.
  21. Nick Feltovich, 2000. "Reinforcement-Based vs. Belief-Based Learning Models in Experimental Asymmetric-Information," Econometrica, Econometric Society, vol. 68(3), pages 605-642, May.
  22. Roth, Alvin E. & Erev, Ido, 1995. "Learning in extensive-form games: Experimental data and simple dynamic models in the intermediate term," Games and Economic Behavior, Elsevier, vol. 8(1), pages 164-212.
  23. Erev, Ido & Roth, Alvin E, 1998. "Predicting How People Play Games: Reinforcement Learning in Experimental Games with Unique, Mixed Strategy Equilibria," American Economic Review, American Economic Association, vol. 88(4), pages 848-81, September.
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Citations

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Cited by:
  1. Ignacio Palacios-Huerta & Oscar Volij, . "Field Centipedes," Economic theory and game theory 020, Oscar Volij.
  2. Cardella, Eric, 2012. "Learning to make better strategic decisions," Journal of Economic Behavior & Organization, Elsevier, vol. 84(1), pages 382-392.
  3. Steven D. Levitt & John A. List & Sally E. Sadoff, 2009. "Checkmate: Exploring Backward Induction Among Chess Players," NBER Working Papers 15610, National Bureau of Economic Research, Inc.
  4. Sheremeta, Roman & Zhang, Jingjing, 2013. "Three-Player Trust Game with Insider Communication," MPRA Paper 43533, University Library of Munich, Germany.
  5. Jeannette Brosig-Koch & Timo Heinrich & Christoph Helbach, 2012. "Exploring the Capability to Backward Induct – An Experimental Study with Children and Young Adults," Ruhr Economic Papers 0360, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
  6. Thomas A. Rietz & Roman M. Sheremeta & Timothy W. Shields & Vernon L. Smith, 2011. "Transparency, Efficiency and the Distribution of Economic Welfare in Pass-Through Investment Trust Games," Working Papers 11-03, Chapman University, Economic Science Institute.
  7. Steffen Huck & Philippe Jehiel, 2004. "Public statistics and private experience : Varying feedback information in a take or pass game," Levine's Bibliography 122247000000000733, UCLA Department of Economics.
  8. Kawagoe, Toshiji & Takizawa, Hirokazu, 2012. "Level-k analysis of experimental centipede games," Journal of Economic Behavior & Organization, Elsevier, vol. 82(2), pages 548-566.
  9. John Dickhaut & Daniel Houser & Jason A. Aimone & Dorina Tila & Cathleen A. Johnson, 2008. "High Stakes Behavior with Low Payoffs: Inducing Preferences with Holt-Laury Gambles," Working Papers 08-11, Chapman University, Economic Science Institute.
  10. Le Coq, Chloe & Tremewan, James & Wagner, Alexander K., 2013. "Social Centipedes: the Impact of Group Identity on Preferences and Reasoning," SITE Working Paper Series 24, Stockholm Institute of Transition Economics, Stockholm School of Economics.
  11. Paolo Crosetto & Marco Mantovani, 2012. "Availability of Information and Representation Effects in the Centipede Game," Jena Economic Research Papers 2012-051, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
  12. Ivo Vlaev & Nick Chater, 2007. "Context effects in games: Local versus global sequential effects on choice in the prisoner's dilemma game," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 2, pages 380-389, December.

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