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This paper describes the results of an experiment applying the strategy method to analyze the behavior of subjects in … weeks. In the first phase of the experiment, they played the CPR game on-line 3 times. In the second phase of the experiment …
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How much of the failures to achieve Pareto efficient outcome observed in a simple 2 x 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...
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