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Chapter 61 Logit Equilibrium Models of Anomalous Behavior: What to do when the Nash Equilibrium Says One Thing and the Data Say Something Else

Anderson, Simon P.; Goeree, Jacob K.; Holt, Charles A. - In: Handbook of experimental economics results : volume 1, (pp. 549-558). 2008

Every experimentalist will sooner or later come across a situation in which results from initial baseline treatments conform nicely to the Nash equilibrium, but subsequent changes in parameters push the data in ways not predicted by Nash. This may happen when one begins by giving theory its best...

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