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Game theory makes strong predictions about how individuals should behave in two player, zero sum games. When players …
Persistent link: https://www.econbiz.de/10013224414
Although backward induction is a cornerstone of game theory, most laboratory experiments have found that agents are not …-suited for testing the theory. In this study, we analyze the play of world class chess players both in the centipede game and in …
Persistent link: https://www.econbiz.de/10013149649
The minimax argument represents game theory in its most elegant form: simple but with stark predictions. Although some …
Persistent link: https://www.econbiz.de/10013149650