Ponti, Giovanni - Department of Economics, University College London (UCL) - 1996
leads to counterinitiative results, casting doubts on the predictive power of theory itself. The Centipede Game, firstly … people in laboratory behave in a manner which is a significatively different from what the theory expects. In our paper, we … construct a dynamic model based on the Centipede Game. Our claim is that the source of these discrepancies between theory and …