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Separating the Hawks from the Doves: Evidence from continuous time laboratory games

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  • Oprea, Ryan
  • Henwood, Keith
  • Friedman, Daniel

Abstract

Human players in our laboratory experiment received flow payoffs over 120 seconds each period from a standard Hawk–Dove bimatrix game played in continuous time. Play converged closely to the symmetric mixed Nash equilibrium under a one-population matching protocol. When the same players were matched in a two-population protocol with the same bimatrix, they showed clear movement towards an asymmetric (and very inequitable) pure Nash equilibrium of the game. These findings support distinctive predictions of evolutionary game theory.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Economic Theory.

Volume (Year): 146 (2011)
Issue (Month): 6 ()
Pages: 2206-2225

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Handle: RePEc:eee:jetheo:v:146:y:2011:i:6:p:2206-2225

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Web page: http://www.elsevier.com/locate/inca/622869

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Keywords: Evolutionary dynamics; Hawk–Dove game; Game theory; Laboratory experiment; Continuous time game;

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Citations

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Cited by:
  1. Chen, Yu-Fu & Funke, Michael, 2010. "Global Warming And Extreme Events: Rethinking The Timing And Intensity Of Environmental Policy," SIRE Discussion Papers 2010-48, Scottish Institute for Research in Economics (SIRE).
  2. Dina Tasneem & Jim Engle-Warnick & Hassan Benchekroun, 2014. "An Experimental Study of a Common Property Renewable Resource Game in Continuous Time," CIRANO Working Papers 2014s-09, CIRANO.
  3. Bigoni, Maria & Casari, Marco & Skrzypacz, Andrzej & Spagnolo, Giancarlo, 2013. "Time Horizon and Cooperation in Continuous Time," Research Papers 2088r, Stanford University, Graduate School of Business.

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