Arbeitspapier
Experimental Investigation of a Cyclic Duopoly Game
The notion of a cyclic game has been introduced by Selten and Wooders (2001). They illustrate the concept by the analysis of a cyclic duopoly game. The experiments reported concern this game. The game was played by eleven matching groups of six players each. The observed choice fre- quencies were compared with the predictions of Nash equilibrium, impulse balance equilibrium (Selten, Abbink and Cox (2005), Selten and Chmura (2007)) and two-sample equilbrium (Osborne and Rubinstein(1998)). Pair- wise comparisons by the Wilcoxon Signed-rank test show that impulse balance equilibrium as well as two-sample equilibrium have a significantly better predictive success than Nash equilibrium. The difference between impulse balance equilibrium and two-sample equilibrium is not significant.In each matching group three players acted only in uneven periods and the other three only in even periods. This game has two pure strategy equi- libria in which both types of players behave differently. The data exhibit a weak but significant tendency in the direction of coordination at a pure strategy equilibrium.
- Sprache
-
Englisch
- Erschienen in
-
Series: Bonn Econ Discussion Papers ; No. 9/2007
- Klassifikation
-
Wirtschaft
Design of Experiments: General
Market Structure, Pricing, and Design: Oligopoly and Other Forms of Market Imperfection
Stochastic and Dynamic Games; Evolutionary Games; Repeated Games
- Thema
-
cyclic game duopoly experiment
impulse balance equilibrium
two-sample equilibrium
Dynamisches Spiel
Duopol
Experiment
Gleichgewicht
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Goerg, Sebastian J.
Selten, Reinhard
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Bonn, Bonn Graduate School of Economics (BGSE)
- (wo)
-
Bonn
- (wann)
-
2007
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Goerg, Sebastian J.
- Selten, Reinhard
- University of Bonn, Bonn Graduate School of Economics (BGSE)
Entstanden
- 2007
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