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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)

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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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Publisher 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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Postal: Loughborough, Leicestershire, LE11 3TU
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Related research
Keywords: Game Value; Subgame Perfection; Dominant Strategies; Behavioral Game Theory;

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Find related papers by JEL classification:
C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior

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References listed on IDEAS
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  1. Kreps, David M & Wilson, Robert, 1982. "Sequential Equilibria," Econometrica, Econometric Society, vol. 50(4), pages 863-94, July. [Downloadable!] (restricted)
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This page was last updated on 2009-11-26.

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