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Testing Game Theory

In: Advances in Understanding Strategic Behaviour

Author

Listed:
  • Jörgen W. Weibull

Abstract

An important development in economics is the emergence of experimental economics, and Werner Güth has been one of its pioneers. Moving from armchair theorizing to controlled laboratory experiments may be as important a step in the development of economic theory as it once was for the natural sciences to move from Aristotelian scholastic speculation to modern empirical science.1

Suggested Citation

  • Jörgen W. Weibull, 2004. "Testing Game Theory," Palgrave Macmillan Books, in: Steffen Huck (ed.), Advances in Understanding Strategic Behaviour, chapter 6, pages 85-104, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-230-52337-1_6
    DOI: 10.1057/9780230523371_6
    as

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    Keywords

    Game Form; Dictator Game; Sequential Equilibrium; Monetary Payoff; Material Payoff;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General

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