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Games with second-order expected utility

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  • Beggs, Alan

Abstract

This paper studies games when agents have second-order expected utility. It examines the theoretical predictions of the model and compares its performance in explaining behavior in experimental data on games with that of quantal response equilibrium.

Suggested Citation

  • Beggs, Alan, 2021. "Games with second-order expected utility," Games and Economic Behavior, Elsevier, vol. 130(C), pages 569-590.
    • Handle: RePEc:eee:gamebe:v:130:y:2021:i:c:p:569-590
    DOI: 10.1016/j.geb.2021.09.008
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    More about this item

    Keywords

    Second-order expected utility; Game theory; Probability matching; Mixed strategies;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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