Testing Game Theory in the Field: Swedish LUPI Lottery Games

التفاصيل البيبلوغرافية
العنوان: Testing Game Theory in the Field: Swedish LUPI Lottery Games
المؤلفون: Colin F. Camerer, Robert Östling, Eileen Y. Chou, Joseph Tao-yi Wang
بيانات النشر: American Economic Association, 2011.
سنة النشر: 2011
مصطلحات موضوعية: Computer Science::Computer Science and Game Theory, Sequential game, jel:D44, Field (mathematics), jel:L83, Extensive-form game, Lottery, jel:H27, Integer, Example of a game without a value, Convergence (routing), Economics, Mathematics, jel:C70, jel:C92, jel:C93, Degree (graph theory), Behavioral game theory, jel:C72, Symmetric game, Normal-form game, Stochastic game, Population uncertainty, Poisson game, guessing game, experimental methods, behavioral game theory, level-k, cognitive hierarchy, Cognitive Hierarchy Theory, Equilibrium selection, Repeated game, Game theory, General Economics, Econometrics and Finance, Mathematical economics
الوصف: Game theory is usually difficult to test precisely in the field because predictions typically depend sensitively on features that are not controlled or observed. We conduct one such test using field data from the Swedish lowest unique positive integer (LUPI) game. In the LUPI game, players pick positive integers and whoever chose the lowest unique number wins a fixed prize. Theoretical equilibrium predictions are derived assuming Poisson- distributed uncertainty about the number of players, and tested using both field and laboratory data. The field and lab data show similar patterns. Despite various deviations from equilibrium, there is a surprising degree of convergence toward equilibrium. Some of the deviations from equilibrium can be rationalized by a cognitive hierarchy model.
وصف الملف: application/pdf; application/zip
اللغة: English
URL الوصول: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::5075b537a5016debab8cb635a93bd412
https://resolver.caltech.edu/CaltechAUTHORS:20111109-162429909
Rights: OPEN
رقم الانضمام: edsair.doi.dedup.....5075b537a5016debab8cb635a93bd412
قاعدة البيانات: OpenAIRE