Replication data for: Stationary Concepts for Experimental 2x2-Games

Principal Investigator(s):  View help for Principal Investigator(s) Reinhard Selten; Thorsten Chmura

Version:  View help for Version V1

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Data---Stationary-Concepts-for-Experimental-2x2-Games.xls application/vnd.ms-excel 370 KB 10/12/2019 04:26:AM
Documentation-of-the-data-in-the-paper-_Stationary-Concepts-for-Experimental-2x2.pdf application/pdf 117.2 KB 10/12/2019 04:26:AM
LICENSE.txt text/plain 14.6 KB 10/12/2019 04:26:AM

Project Citation: 

Selten, Reinhard, and Chmura, Thorsten. Replication data for: Stationary Concepts for Experimental 2x2-Games. Nashville, TN: American Economic Association [publisher], 2008. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113254V1

Project Description

Summary:  View help for Summary Five stationary concepts for completely mixed 2 x 2-games are experimentally compared: Nash equilibrium, quantal response equilibrium, action-sampling equilibrium, payoff-sampling equilibrium (Martin J. Osborne and Ariel Rubinstein 1998), and impulse balance equilibrium. Experiments on 12 games, 6 constant sum games, and 6 nonconstant sum games were run with 12 independent subject groups for each constant sum game and 6 independent subject groups for each nonconstant sum game. Each independent subject group consisted of four players 1 and four players 2, interacting anonymously over 200 periods with random matching. The comparison of the five theories shows that the order of performance from best to worst is as follows: impulse balance equilibrium, payoff-sampling equilibrium, action-sampling equilibrium, quantal response equilibrium, Nash equilibrium.

Scope of Project

JEL Classification:  View help for JEL Classification
      C70 Game Theory and Bargaining Theory: General


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V1 [2019-10-12]

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