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Testing Game Theory

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  • Weibull, Jörgen W.

    () (Dept. of Economics, Stockholm School of Economics)

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.

Suggested Citation

  • Weibull, Jörgen W., 2000. "Testing Game Theory," SSE/EFI Working Paper Series in Economics and Finance 382, Stockholm School of Economics, revised 16 Apr 2002.
  • Handle: RePEc:hhs:hastef:0382
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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, pages 1737-1768.
    3. Duozhe Li, 2004. "Bargaining with History Dependent Preferences," Econometric Society 2004 North American Summer Meetings 516, Econometric Society.
    4. 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), pages 29-51.
    5. Luís Francisco Aguiar-Conraria & Yi Wen, 2005. "Understanding the Impact of Oil Shocks," NIPE Working Papers 2/2005, NIPE - Universidade do Minho.
    6. 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), pages 957-982.
    7. 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.
    8. Temzelides, Ted, 2010. "Modeling the act of measurement in the social sciences," Journal of Mathematical Economics, Elsevier, vol. 46(4), pages 607-615, July.
    9. Wolff, Irenaeus, 2017. "What are the equilibria in public-good experiments?," Economics Letters, Elsevier, vol. 150(C), pages 83-85.
    10. Bernard, Mark, 2010. "Level-k reasoning in contests," Economics Letters, Elsevier, vol. 108(2), pages 149-152, August.
    11. Vincent Crawford, 2003. "Cognition and Behavior in Two-Person Guessing Games," Theory workshop papers 505798000000000049, UCLA Department of Economics.
    12. Nigar Hashimzade & Timothy J. Vogelsang, 2008. "Fixed-b asymptotic approximation of the sampling behaviour of nonparametric spectral density estimators," Journal of Time Series Analysis, Wiley Blackwell, pages 142-162.
    13. Kaushik Basu, 2005. "Racial conflict and the malignancy of identity," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, pages 221-241.
    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

    Keywords

    Game theory; experiments;

    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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