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An Experiment on subjective Game Valuations

Author

Listed:
  • Aurora Garcia-Gallego

    (LEE/LINEEX and Dpt Economics, Universitat Jaume I)

  • Nikolaos Georgantzis

    (LEE/LINEEX and Dpt Economics, Universitat Jaume I)

  • Maria Jose Gil Molto

    (Dpt Economics, Loughborough University)

  • Vicente Orts

    (IEI, LEE and Dpt Economics, Universitat Jaume I)

Abstract

We experimentally test the hypothesis that players' valuations of a game coincide with their Nash equilibrium earnings. Our results offer significantly less support for this hypothesis than for the prediction of dominant strategy play.

Suggested Citation

  • Aurora Garcia-Gallego & Nikolaos Georgantzis & Maria Jose Gil Molto & Vicente Orts, 2006. "An Experiment on subjective Game Valuations," Discussion Paper Series 2006_4, Department of Economics, Loughborough University, revised Apr 2006.
    • Handle: RePEc:lbo:lbowps:2006_4
    as

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    File URL: http://www.lboro.ac.uk/departments/ec/RePEc/lbo/lbowps/subjectivevaluations2006wps4.pdf
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    References listed on IDEAS

    as
    1. Kreps, David M & Wilson, Robert, 1982. "Sequential Equilibria," Econometrica, Econometric Society, vol. 50(4), pages 863-894, July.
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    More about this item

    Keywords

    Game Value; Subgame Perfection; Dominant Strategies; Behavioral Game Theory;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior

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