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An Experiment on subjective Game Valuations

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Author Info

  • Aurora Garcia-Gallego

    ()
    (LEE/LINEEX and Dpt Economics, Universitat Jaume I)

  • Nikolaos Georgantzis

    ()
    (LEE/LINEEX and Dpt Economics, Universitat Jaume I)

  • Maria Jose Gil Molto

    ()
    (Dpt Economics, Loughborough University)

  • Vicente Orts

    ()
    (IEI, LEE and Dpt Economics, Universitat Jaume I)

Abstract

We experimentally test the hypothesis that players' valuations of a game coincide with their Nash equilibrium earnings. Our results offer significantly less support for this hypothesis than for the prediction of dominant strategy play.

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File URL: http://www.lboro.ac.uk/departments/ec/RePEc/lbo/lbowps/subjectivevaluations2006wps4.pdf
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Bibliographic Info

Paper provided by Department of Economics, Loughborough University in its series Discussion Paper Series with number 2006_4.

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Date of creation: Apr 2006
Date of revision: Apr 2006
Handle: RePEc:lbo:lbowps:2006_4

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Web page: http://www.lboro.ac.uk/departments/sbe/research/economics/index.html
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Related research

Keywords: Game Value; Subgame Perfection; Dominant Strategies; Behavioral Game Theory;

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  1. Kreps, David M & Wilson, Robert, 1982. "Sequential Equilibria," Econometrica, Econometric Society, vol. 50(4), pages 863-94, July.
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