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Two "Little Treasure Games" driven by Unconditional Regret

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  • Vladislav Damjanovic

    (Durham University, Durham University Business School)

Abstract

For Traveller’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

  • Vladislav Damjanovic, 2016. "Two "Little Treasure Games" driven by Unconditional Regret," CEGAP Working Papers 2016_06, Durham University Business School.
    • Handle: RePEc:dur:cegapw:2016_06
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    References listed on IDEAS

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    More about this item

    Keywords

    Adaptive Heuristics; Regret Matching; Coarse-Correlated Equilibrium; Traveller’s Dilemma Game; Minimal Effrot 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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