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Absent-minded drivers in the lab : Testing Gilboa's model

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Listed:
  • Huck, S.
  • Müller, W.

    (Tilburg University, School of Economics and Management)

Abstract

This note contributes to the discussion of decision problems with imperfect recall from an empirical point of view. We argue that, using standard methods of experimental economics, it is impossible to induce (or control for) absent-mindedness of subjects. Nevertheless, it is possible to test Gilboa's (1997) agent-based approach to games with imperfect recall. We implement his model of the absent-minded driver problem in an experiment and find, if subjects are repeatedly randomly rematched, strong support for the equilibrium prediction which coincides with Piccione and Rubinstein's (1997) ex ante solution of the driver's problem.
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Suggested Citation

  • Huck, S. & Müller, W., 2002. "Absent-minded drivers in the lab : Testing Gilboa's model," Other publications TiSEM d741c924-4e37-40ec-b617-4, Tilburg University, School of Economics and Management.
    • Handle: RePEc:tiu:tiutis:d741c924-4e37-40ec-b617-445bd4ad8d25
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    References listed on IDEAS

    as
    1. Piccione, Michele & Rubinstein, Ariel, 1997. "On the Interpretation of Decision Problems with Imperfect Recall," Games and Economic Behavior, Elsevier, vol. 20(1), pages 3-24, July.
    2. Gilboa, Itzhak, 1997. "A Comment on the Absent-Minded Driver Paradox," Games and Economic Behavior, Elsevier, vol. 20(1), pages 25-30, July.
    3. Aumann, Robert J. & Hart, Sergiu & Perry, Motty, 1997. "The Absent-Minded Driver," Games and Economic Behavior, Elsevier, vol. 20(1), pages 102-116, July.
    4. Ken Binmore, "undated". "A Note On Imperfect Recall," ELSE working papers 048, ESRC Centre on Economics Learning and Social Evolution.
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    Cited by:

    1. Sudipta Sarangi & Cary Deck, 2006. "Inducing Absent-Mindedness in the Lab," Departmental Working Papers 2006-09, Department of Economics, Louisiana State University.
    2. John Ameriks & Andrew Caplin & John Leahy, 2004. "The Absent-Minded Consumer," NBER Working Papers 10216, National Bureau of Economic Research, Inc.

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    More about this item

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • C92 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Group Behavior

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