Absent-minded drivers in the lab: Testing Gilboa's model

Arbeitspapier

This note contributes to the discussion of decision problems with imperfect recall from an empirical point of view. We argue that, using standard methods of experimental economics, it is impossible to induce (or control for) absent-mindedness of subjects. Nevertheless, it is possible to test Gilboa's (1997) agent-based approach to games with imperfect recall. We implement his model of the absent-minded driver problem in an experiment and find, if subjects are repeatedly randomly rematched, strong support for the equilibrium prediction which coincides with Piccione and Rubinstein's (1997) ex ante solution of the driver's problem.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: SFB 373 Discussion Paper ; No. 2000,45

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Noncooperative Games ; Design of Experiments: Laboratory, Group Behavior
• Thema: experiments ; imperfect recall ; the absent-minded driver's paradox

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Huck, Steffen ; Müller, Wieland
• Ereignis: Veröffentlichung
• (wer): Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes
• (wo): Berlin
• (wann): 2000

Weitere Informationen

• Handle: http://hdl.handle.net/10419/62206
• URN: urn:nbn:de:kobv:11-10047574
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ