An experiment on subjective game valuations

We report experimental results on a prisoners' dilemma implemented in a way which allows us to elicit incentive-compatible valuations of the game. We test the hypothesis that players'' valuations coincide with their Nash equilibrium earnings. Our results offer significantly less support for this hypothesis than for the prediction of Dominant Strategy (DS) play.

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Year of publication:	2006
Authors:	Gil-Moltó, María José ; Orts, Vicente ; Georgantzís, Nikolaos ; García-Gallego, Aurora
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 3.2006, 10, p. 1-6
Publisher:	AccessEcon

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	C9 - Design of Experiments ; C7 - Game Theory and Bargaining Theory
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005110897