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Equilibrium Play and Best Response in Sequential Constant Sum Games Author info | Abstract | Publisher info | Download info | Related research | Statistics Pedro Rey Biel (University College London)
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We perform a further experiment to check the robustness of the main result in Rey Biel (2005) to sequential play. We find that Equilibrium predictions work even better when the same games are played sequentially: 85% of first movers choose the Equilibrium strategy and 85% of second movers best respond to the action taken by first movers. We conclude by identifying constant sum games as a class of games where experimental subjects' choices coincide with theory predictions and we argue that in such games distributional and reciprocal preferences do not influence subjects' decisions.
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Paper provided by EconWPA in its series Experimental with number
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Length: 17 pages
Date of creation: 08 Jun 2005Date of revision:
Handle: RePEc:wpa:wuwpex:0506004Note: Type of Document - pdf; pages: 17Contact details of provider: Web page: http://129.3.20.41
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Keywords: Experiments ; Constant Sum Games ; Best Response ; Other versions of this item:
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 D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
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