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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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Suggested Citation

  • Jorgen W Weibull, 2004. "Testing Game Theory," Levine's Bibliography 122247000000000181, UCLA Department of Economics.
    • Handle: RePEc:cla:levrem:122247000000000181
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    File URL: http://people.bu.edu/weibull/papers/test040212.pdf
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    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General

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