IDEAS home Printed from https://ideas.repec.org/a/ora/journl/v1y2010i1p165-169.html
   My bibliography  Save this article

On Risky Behavior In Bimatrix Games

Author

Listed:
  • Gazda Vladimír

    ()

  • Barinková Karolína

    ()

  • Gróf Marek

    ()

  • Kubák Matús

    ()

Abstract

The experiment engaging 50 participants was performed to model and identify the determinants of the players’ risky behavior. Here, a questionnaire and a bimatrix game containing the negative/zero payoffs were used to identify the players’ motives to play risky strategies. Besides the concrete form of the payoffs, the individual risk attitudes were also proved to be statistically significant for risky behavior of the players.

Suggested Citation

  • Gazda Vladimír & Barinková Karolína & Gróf Marek & Kubák Matús, 2010. "On Risky Behavior In Bimatrix Games," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 165-169, July.
  • Handle: RePEc:ora:journl:v:1:y:2010:i:1:p:165-169
    as

    Download full text from publisher

    File URL: http://anale.steconomiceuoradea.ro/volume/2010/n1/024.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Kahneman, Daniel & Tversky, Amos, 1979. "Prospect Theory: An Analysis of Decision under Risk," Econometrica, Econometric Society, vol. 47(2), pages 263-291, March.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Bimatrix Game; Experiment; Risk; Dominant Equilibrium; Maximin; Laplace Insufficient Reason Criterion.;

    JEL classification:

    • C9 - Mathematical and Quantitative Methods - - Design of Experiments
    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • C92 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Group Behavior
    • D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ora:journl:v:1:y:2010:i:1:p:165-169. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Catalin ZMOLE) or (Rebekah McClure). General contact details of provider: http://edirc.repec.org/data/feoraro.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.