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Two “little treasure games” driven by unconditional regret

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  • Damjanovic, Vladislav

Abstract

For Traveler’s Dilemma and Minimal Effort Coordination games, the unconditional regret matching (URM) procedure predicts outcomes close to the experimental ones. This supports a claim that the URM procedure can be well suited to predict the behavior of experimental subjects in repeated games.

Suggested Citation

  • Damjanovic, Vladislav, 2017. "Two “little treasure games” driven by unconditional regret," Economics Letters, Elsevier, vol. 150(C), pages 99-103.
    • Handle: RePEc:eee:ecolet:v:150:y:2017:i:c:p:99-103
    DOI: 10.1016/j.econlet.2016.11.003
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    More about this item

    Keywords

    Adaptive heuristics; Regret matching; Coarse-correlated equilibrium; Traveler’s Dilemma game; Minimal effort coordination game;
    All these keywords.

    JEL classification:

    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • D7 - Microeconomics - - Analysis of Collective Decision-Making

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