Evolutionary game theory informs the design and analysis of twenty-six experimental sessions using normal form games with six to twenty-four players. The state typically converges to the subset of Nash equilibria called evolutionary equilibria, especially under conditions of mean matching and...

The authors report successive rounds of theory and laboratory experiments investigating price-taking behavior and market efficiency. They focus on the impact of structural parameters as well as trading institution. The structural parameters involve noncompetitive supply and demand, and a new...

In the jungle, power and coercion govern the exchange of resources. We study a simple, stylised model of the jungle that mirrors an exchange economy. We define the notion of jungle equilibrium and demonstrate that a number of standard results of competitive markets hold in the jungle. Copyright...

A survey was carried out among two groups of undergraduate economics students and four groups of students in mathematics, law, philosophy and business administration. The main survey question involved a conflict between profit maximisation and the welfare of the workers who would be fired to...

Lecture audiences and students were asked to respond to virtual decision and game situations at gametheory.tau.ac.il. Several thousand observations were collected and the response time for each answer was recorded. There were significant differences in response time across responses. It is...