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subjective beliefs of players. In a laboratory experiment, we measure subjects' certainty equivalents for three coordination … games and one lottery. Behavior in coordination games is related to risk aversion, experience seeking, and age. From the … distribution of certainty equivalents, we estimate probabilities for successful coordination in a wide range of games. For many …
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subjective beliefs of players. In a laboratory experiment we measure subjects' certainty equivalents for three coordination games … and one lottery. Behavior in coordination games is related to risk aversion, experience seeking, and age. From the … distribution of certainty equivalents we estimate probabilities for successful coordination in a wide range of games. For many …
Persistent link: https://www.econbiz.de/10014061293
subjective beliefs of players. In a laboratory experiment we measure subjects' certainty equivalents for three coordination games … and one lottery. Behavior in coordination games is related to risk aversion, experience seeking, gender, and age. From the … distribution of certainty equivalents among subjects we estimate probabilities for successful coordination in a wide range of games …
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Goeree & Holt (2001) observe that, for some parameter values, Nash equilibrium provides good predictions for actual behaviour in experiments. For other payoff parameters, however, actual behaviour deviates consistently from that predicted by Nash equilibria. They attribute the robust deviations...
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