The Ghost in the Machine: Inferring Machine-Based Strategies from Observed Behavior

We introduce a procedure to infer the repeated-game strategies that generate actions in experimental choice data. We apply the technique to set of experiments where human subjects play a repeated Prisoner's Dilemma. The technique suggests that two types of strategies underly the data.

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Year of publication:	2004
Authors:	ENGLE-WARNICK, Jim ; McCAUSLAND, William J. ; MILLER, John H.
Institutions:	Centre Interuniversitaire de Recherche en Économie Quantitative (CIREQ)
Subject:	strategy inference \| bayesian methods \| experimental economics \| Prisoner's Dilemma \| repeated games

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Extent:	application/pdf
Series:	Cahiers de recherche.
Type of publication:	Book / Working Paper
Notes:	46 pages
Classification:	C11 - Bayesian Analysis ; C15 - Statistical Simulation Methods; Monte Carlo Methods ; C72 - Noncooperative Games ; C73 - Stochastic and Dynamic Games ; C92 - Laboratory; Group Behavior
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008671549