Selten, Reinhard; Apesteguia, José - 2002
This paper reports an experiment on a location game, the so-called "Price-Competition on the Circle." There are n … willingness to pay. Experiments, extended over 200 periods, were run with 3, 4, and 5 participants. Subjects did not receive any … after each period. The evaluation compares predictions derived from imitation equilibrium (Selten and Ostmann 2001) and …