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A case of evolutionary stable attainable equilibrium in the lab

Author

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  • Christoph Kuzmics

    (University of Graz, Austria)

  • Daniel Rodenburger

    (University of Jena, Germany)

Abstract

The game played by the subjects is a 24 times repeated 28 player game with a particular imperfect monitoring structure. In every one of the 24 stages the 28 players were randomly (re)allocated into two groups of 14 to play a voting stage game. We find that the null hypothesis that play in every stage is given by a particular evolutionary stable attainable equilibrium of the 14 player stage game cannot be rejected if we account for risk-aversion, calibrated in another treatment.

Suggested Citation

  • Christoph Kuzmics & Daniel Rodenburger, 2018. "A case of evolutionary stable attainable equilibrium in the lab," Graz Economics Papers 2018-05, University of Graz, Department of Economics.
    • Handle: RePEc:grz:wpaper:2018-05
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    References listed on IDEAS

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    JEL classification:

    • C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation, Validation, and Selection
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior

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