Please use this identifier to cite or link to this item:
https://hdl.handle.net/10419/22984
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Goerg, Sebastian J. | en |
dc.contributor.author | Selten, Reinhard | en |
dc.date.accessioned | 2009-01-29T15:11:38Z | - |
dc.date.available | 2009-01-29T15:11:38Z | - |
dc.date.issued | 2007 | - |
dc.identifier.uri | http://hdl.handle.net/10419/22984 | - |
dc.description.abstract | 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. | en |
dc.language.iso | eng | en |
dc.publisher | |aUniversity of Bonn, Bonn Graduate School of Economics (BGSE) |cBonn | en |
dc.relation.ispartofseries | |aBonn Econ Discussion Papers |x9/2007 | en |
dc.subject.jel | C90 | en |
dc.subject.jel | D43 | en |
dc.subject.jel | C73 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | cyclic game duopoly experiment | en |
dc.subject.keyword | impulse balance equilibrium | en |
dc.subject.keyword | two-sample equilibrium | en |
dc.subject.stw | Dynamisches Spiel | en |
dc.subject.stw | Duopol | en |
dc.subject.stw | Experiment | en |
dc.subject.stw | Gleichgewicht | en |
dc.subject.stw | Theorie | en |
dc.title | Experimental Investigation of a Cyclic Duopoly Game | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 534694640 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:bonedp:92007 | - |
Files in This Item:
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.