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This paper reports experiments designed to study strategic sophistication, the extent to which behavior in games reflects attempts to predict others' decisions, taking their incentives into account. Subjects played normal-form games with various patterns of iterated dominance and unique...
Persistent link: https://www.econbiz.de/10014204746
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This paper reports experiments designed to study strategic sophistication, the extent to which behavior in games reflects attempts to predict others' decisions, taking their incentives into account. Subjects played normal-form games with various patterns of iterated dominance and unique...
Persistent link: https://www.econbiz.de/10014148762
Using data on one-shot games, we investigate the assumption that players respond to underlying expectations about their opponent’s behavior. In our laboratory experiments, subjects play a set of 14 two-person 3x3 games, and state first order beliefs about their opponent’s behavior. The sets...
Persistent link: https://www.econbiz.de/10002194045
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Using data on one-shot games, we investigate whether players' actions can be viewed as responses to underlying expectations about their opponent's behavior. In our laboratory experiments, subjects play a set of 14 two-person 3x3 games, and state beliefs about which actions they expect their...
Persistent link: https://www.econbiz.de/10014071569
Using data on one-shot games, we investigate the assumption that players respond to underlying expectations about their opponent's behavior. In our laboratory experiments, subjects play a set of 14 two-person 3x3 games, and state first order beliefs about their opponent's behavior. The sets of...
Persistent link: https://www.econbiz.de/10010332249