IDEAS home Printed from https://ideas.repec.org/p/qed/wpaper/863.html
   My bibliography  Save this paper

An Empirical Model of Strategic Choice with an Application to Coordination Games

Author

Listed:
  • Debra J. Holt

Abstract

This paper develops structural estimation techniques which can be applied to experimental game data to consistently estimate and test models of strategic choice. I assume that the true game is a Bayesian game of incomplete information and that the observed actions are supported by an equilibrium of this game. The implied structure permits estimation of the distribution of player types. This method provides a unified framework for rigorously testing hypotheses about behavior in games within the theory. Behavior observed in coordination game experiments is inconsistent with the joint hypotheses of rational play and complete information of the game. One possible explanation is that some players are altruistic; another is that subjects are learning as they play the game. Neither can be clearly rejected or supported with usual empirical approaches. The structural approach adopted in this paper does give clear evidence regarding the importance and validity of the alternative explanations.

Suggested Citation

  • Debra J. Holt, 1992. "An Empirical Model of Strategic Choice with an Application to Coordination Games," Working Paper 863, Economics Department, Queen's University.
    • Handle: RePEc:qed:wpaper:863
    as

    Download full text from publisher

    File URL: http://qed.econ.queensu.ca/working_papers/papers/qed_wp_863.pdf
    File Function: First version 1992
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:qed:wpaper:863. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mark Babcock (email available below). General contact details of provider: https://edirc.repec.org/data/qedquca.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.