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Equilibrium Play and Best Response in Sequential Constant Sum Games

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Author Info
Pedro Rey Biel (University College London)

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Abstract

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 0506004.

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Length: 17 pages
Date of creation: 08 Jun 2005
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Handle: RePEc:wpa:wuwpex:0506004

Note: Type of Document - pdf; pages: 17
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Keywords: Experiments; Constant Sum Games; Best Response;

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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
D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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