Hanaki, Nobuyuki; Jacquemet, Nicolas; Luchini, Stéphane; … - Department of Economics, Business School - 2013
How much of the failures to achieve Pareto efficient outcome observed in a simple 2 2 dominance solvable game can be attributed to strategic uncertainty and how much is actually due to individual bounded rationality? We address this question by conducting a set of experiments involving two main...