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We provide a tractable characterization of the sharp identification region of the parameters θ in a broad class of incomplete econometric models. Models in this class have set-valued predictions that yield a convex set of conditional or unconditional moments for the model variables. In short,...
Persistent link: https://www.econbiz.de/10010288419
We study identification in static, simultaneous move finite games of complete information, where the presence of multiple Nash equilibria may lead to partial identification of the model parameters. The identification regions for these parameters proposed in the related literature are known not...
Persistent link: https://www.econbiz.de/10010288446
We examine convergence behavior in simple bimatrix games. We classify possible types of simple games, pick interesting examples of each type, and summarize convergence behavior under various information and player matching protocols.
Persistent link: https://www.econbiz.de/10005489944
We study identification in static, simultaneous move finite games of complete information, where the presence of multiple Nash equilibria may lead to partial identification of the model parameters. The identification regions for these parameters proposed in the related literature are known not...
Persistent link: https://www.econbiz.de/10005727666
We report experimental results on a series of ten one-shot two-person 3x3 normal form games with unique equilibrium in pure strategies played by non-economists. In contrast to previous experiments in which game theory predictions fail dramatically, a majority of actions taken coincided with the...
Persistent link: https://www.econbiz.de/10010547146