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Testing Game Theory

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  • Jorgen W Weibull

Abstract

Experimentalists frequently claim that human subjects playing games in the laboratory violate such solution concepts as Nash equilibrium and subgame perfection. This claim is premature. What has been rejected are certain joint hypotheses about preferences, knowledge, and behavior. This note strives to clarify some issues in connection with laboratory experiments, from the viewpoint of non-cooperative game theory, and provides a sketch for a research program for experimental testing of game-theoretic solution concepts.

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Bibliographic Info

Paper provided by UCLA Department of Economics in its series Levine's Bibliography with number 122247000000000181.

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Date of creation: 18 May 2004
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Handle: RePEc:cla:levrem:122247000000000181

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Cited by:
  1. Miguel A. Costa-Gomes & Vincent P. Crawford, 2004. "Cognition and Behavior in Two-Person Guessing Games: An Experimental Study," Levine's Bibliography 122247000000000113, UCLA Department of Economics.
  2. Bernard, Mark, 2011. "A folk theorem for endogenous reference points," Economics Letters, Elsevier, vol. 112(3), pages 223-225, September.
  3. Temzelides, Ted, 2010. "Modeling the act of measurement in the social sciences," Journal of Mathematical Economics, Elsevier, vol. 46(4), pages 607-615, July.
  4. Basu, Kaushik, 2006. "Identity, Trust and Altruism: Sociological Clues to Economic Development," Working Papers 06-05, Cornell University, Center for Analytic Economics.
  5. Vincent Crawford, 2003. "Cognition and Behavior in Two-Person Guessing Games," Theory workshop papers 505798000000000049, UCLA Department of Economics.
  6. Ido Erev & Alvin Roth & Robert Slonim & Greg Barron, 2007. "Learning and equilibrium as useful approximations: Accuracy of prediction on randomly selected constant sum games," Economic Theory, Springer, vol. 33(1), pages 29-51, October.
  7. Li, Jing, 2008. "The power of conventions: A theory of social preferences," Journal of Economic Behavior & Organization, Elsevier, vol. 65(3-4), pages 489-505, March.
  8. Duozhe Li, 2004. "Bargaining with History Dependent Preferences," Econometric Society 2004 North American Summer Meetings 516, Econometric Society.
  9. Geoffrey Brennan & Werner Güth & Hartmut Kliemt, 2004. "Approximate Truth in Economic Modelling," Papers on Strategic Interaction 2004-38, Max Planck Institute of Economics, Strategic Interaction Group.
  10. Gary E. Bolton & Axel Ockenfels, 2002. "A stress test of fairness measures in models of social utility," Papers on Strategic Interaction 2002-29, Max Planck Institute of Economics, Strategic Interaction Group.
  11. Basu, Kaushik, 2005. "Racial Conflict and the Malignancy of Identity," Working Papers 05-02, Cornell University, Center for Analytic Economics.
  12. Bernard, Mark, 2010. "Level-k reasoning in contests," Economics Letters, Elsevier, vol. 108(2), pages 149-152, August.

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