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Testing Game Theory

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  • Jorgen W Weibull

Abstract

Experimentalists frequently claim that human subjects playing games in the laboratory violate such solution concepts as Nash equilibrium and subgame perfection. This claim is premature. What has been rejected are certain joint hypotheses about preferences, knowledge, and behavior. This note strives to clarify some issues in connection with laboratory experiments, from the viewpoint of non-cooperative game theory, and provides a sketch for a research program for experimental testing of game-theoretic solution concepts.
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Suggested Citation

  • Jorgen W Weibull, 2004. "Testing Game Theory," Levine's Bibliography 122247000000000181, UCLA Department of Economics.
  • Handle: RePEc:cla:levrem:122247000000000181
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    File URL: http://people.bu.edu/weibull/papers/test040212.pdf
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    Cited by:

    1. Li, Jing, 2008. "The power of conventions: A theory of social preferences," Journal of Economic Behavior & Organization, Elsevier, vol. 65(3-4), pages 489-505, March.
    2. Vincent P. Crawford & Miguel A. Costa-Gomes, 2006. "Cognition and Behavior in Two-Person Guessing Games: An Experimental Study," American Economic Review, American Economic Association, vol. 96(5), pages 1737-1768, December.
    3. repec:eee:gamebe:v:107:y:2018:i:c:p:153-181 is not listed on IDEAS
    4. Duozhe Li, 2004. "Bargaining with History Dependent Preferences," Econometric Society 2004 North American Summer Meetings 516, Econometric Society.
    5. Ido Erev & Alvin Roth & Robert Slonim & Greg Barron, 2007. "Learning and equilibrium as useful approximations: Accuracy of prediction on randomly selected constant sum games," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 33(1), pages 29-51, October.
    6. Kaushik Basu, 2005. "Racial conflict and the malignancy of identity," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 3(3), pages 221-241, December.
    7. Gary Bolton & Axel Ockenfels, 2005. "A stress test of fairness measures in models of social utility," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 25(4), pages 957-982, June.
    8. Geoffrey Brennan & Werner Güth & Hartmut Kliemt, 2004. "Approximate Truth in Economic Modelling," Papers on Strategic Interaction 2004-38, Max Planck Institute of Economics, Strategic Interaction Group.
    9. Temzelides, Ted, 2010. "Modeling the act of measurement in the social sciences," Journal of Mathematical Economics, Elsevier, vol. 46(4), pages 607-615, July.
    10. Wolff, Irenaeus, 2017. "What are the equilibria in public-good experiments?," Economics Letters, Elsevier, vol. 150(C), pages 83-85.
    11. Bernard, Mark, 2010. "Level-k reasoning in contests," Economics Letters, Elsevier, vol. 108(2), pages 149-152, August.
    12. Vincent Crawford, 2003. "Cognition and Behavior in Two-Person Guessing Games," Theory workshop papers 505798000000000049, UCLA Department of Economics.
    13. Basu, Kaushik, 2006. "Identity, Trust and Altruism: Sociological Clues to Economic Development," Working Papers 06-05, Cornell University, Center for Analytic Economics.
    14. Bernard, Mark, 2011. "A folk theorem for endogenous reference points," Economics Letters, Elsevier, vol. 112(3), pages 223-225, September.

    More about this item

    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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