Arbeitspapier

King of the Hill: Giving Backward Induction its Best Shot

We study a class of deceptively similar games, which however have different player sets and predictions that vary with their cardinality. The economic, biological, political, and psychological applications are many. The game-theoretic principles involved are compelling as predictions rely on weaker and less controversial epistemic foundations than needed to justify backward inductions more generally. Is the account empirically relevant? We design and report results from a relevant experiment.

Language
Englisch

Bibliographic citation
Series: CESifo Working Paper ; No. 6169

Classification
Wirtschaft
Noncooperative Games
Design of Experiments: Laboratory, Group Behavior
Subject
backward induction
interactive epistemology
player set cardinality
experiment

Event
Geistige Schöpfung
(who)
Dufwenberg, Martin
Van Essen, Matt
Event
Veröffentlichung
(who)
Center for Economic Studies and ifo Institute (CESifo)
(where)
Munich
(when)
2016

Handle
Last update
10.03.2025, 11:42 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Dufwenberg, Martin
  • Van Essen, Matt
  • Center for Economic Studies and ifo Institute (CESifo)

Time of origin

  • 2016

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