ON RISKY BEHAVIOR IN BIMATRIX GAMES

The experiment engaging 50 participants was performed to model and identify the determinants of the players’ risky behavior. Here, a questionnaire and a bimatrix game containing the negative/zero payoffs were used to identify the players’ motives to play risky strategies. Besides the concrete form of the payoffs, the individual risk attitudes were also proved to be statistically significant for risky behavior of the players.

MoreLess

Year of publication:	2010
Authors:	Vladimír, Gazda ; Karolína, Barinková ; Marek, Gróf ; Matús, Kubák
Published in:	Annals of Faculty of Economics. - Facultatea de Ştiinţe Economice. - Vol. 1.2010, 1, p. 165-169
Publisher:	Facultatea de Ştiinţe Economice
Subject:	Bimatrix Game \| Experiment \| Risk \| Dominant Equilibrium \| Maximin \| Laplace Insufficient Reason Criterion

More details

Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	C9 - Design of Experiments ; C91 - Laboratory, Individual Behavior ; C92 - Laboratory; Group Behavior ; D84 - Expectations; Speculations
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008788395