Arbeitspapier
Experimental game theory
Whereas orthodox game theory relies on the unrealistic assumption of (commonly known) perfect rationality, participants in game playing experiments are at best boundedly rational. This makes it necessary to supplement orthodox game theory by a behavioral theory of game playing. We first point out that this applies also to (one person-) decision theory. After reviewing the influential experiments based on repeated games and the ultimatum game the typical reactions to the striking experimental results are categorized. Further sections are devoted to alternating offer bargaining and characteristic function experiments.
- Language
-
Englisch
- Bibliographic citation
-
Series: SFB 373 Discussion Paper ; No. 2000,111
- Classification
-
Wirtschaft
- Subject
-
common knowledge
repeated play
ultimatum game
adaptation dynamics
strategic bargaining
characteristic function experiments
random price mechanism
- Event
-
Geistige Schöpfung
- (who)
-
Güth, Werner
- Event
-
Veröffentlichung
- (who)
-
Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes
- (where)
-
Berlin
- (when)
-
2000
- Handle
- URN
-
urn:nbn:de:kobv:11-10048379
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Güth, Werner
- Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes
Time of origin
- 2000
Other Objects (12)
Specific institutional aspects of international cooperation: A game theoretic account
Prior-free optimality and satisficing: a common framework and its experimental implementation
An experimental analysis of equal punishment games
Langzeiteffekte der Theory of Games and Economic Behavior: Zur Anwendung der Spieltheorie in den (Sozial-)wissenschaften
An experimental study of the repeated trust game with incomplete information
Voluntary contributing in a neighborhood public good game: An experimental study
Making the world a better place: Experimental evidence from the generosity game
Trust in generosity: An experiment of the repeated Yes-No game
Will banks promote trade? Equilibrium selection for the trust game with banks
Alternating or compensating? An experiment on the repeated sequential best shot game
Do banks crowd in or out business ethics? An indirect evolutionary analysis
A non-Bayesian approach to (un)bounded rationality
Specific institutional aspects of international cooperation: A game theoretic account
Prior-free optimality and satisficing: a common framework and its experimental implementation
An experimental analysis of equal punishment games
Langzeiteffekte der Theory of Games and Economic Behavior: Zur Anwendung der Spieltheorie in den (Sozial-)wissenschaften
An experimental study of the repeated trust game with incomplete information
Voluntary contributing in a neighborhood public good game: An experimental study
Making the world a better place: Experimental evidence from the generosity game
Trust in generosity: An experiment of the repeated Yes-No game
Will banks promote trade? Equilibrium selection for the trust game with banks
Alternating or compensating? An experiment on the repeated sequential best shot game
Do banks crowd in or out business ethics? An indirect evolutionary analysis
A non-Bayesian approach to (un)bounded rationality
Specific institutional aspects of international cooperation: A game theoretic account
Prior-free optimality and satisficing: a common framework and its experimental implementation
An experimental analysis of equal punishment games
Langzeiteffekte der Theory of Games and Economic Behavior: Zur Anwendung der Spieltheorie in den (Sozial-)wissenschaften
An experimental study of the repeated trust game with incomplete information
Voluntary contributing in a neighborhood public good game: An experimental study
Making the world a better place: Experimental evidence from the generosity game
Trust in generosity: An experiment of the repeated Yes-No game
Will banks promote trade? Equilibrium selection for the trust game with banks
Alternating or compensating? An experiment on the repeated sequential best shot game
Do banks crowd in or out business ethics? An indirect evolutionary analysis