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Testing Game Theory

Author

Listed:
  • 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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    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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