Stationary concepts for experimental 2 X 2 games

• Verfasst von: Brunner, Christoph [VerfasserIn]
• Verfasst von: Camerer, Colin [VerfasserIn]
• Verfasst von: Goeree, Jacob K. [VerfasserIn]
• Titel: Stationary concepts for experimental 2 X 2 games
• Titelzusatz: comment
• Verf.angabe: Christoph Brunner, Colin F. Camerer, Jacob K. Goeree
• E-Jahr: 2011
• Jahr: April 2011
• Umfang: 12 S.
• Fussnoten: Gesehen am 24.06.2022
• Titel Quelle: Enthalten in: American economic review
• Ort Quelle: Nashville, Tenn. : AEA, 1911
• Jahr Quelle: 2011
• Band/Heft Quelle: 101(2011), 2, Seite 1029-1040
• ISSN Quelle: 1944-7981
• DOI: doi:10.1257/aer.101.2.1029
• Datenträger: Online-Ressource
• Sprache: eng
• Bibliogr. Hinweis: Erscheint auch als : Druck-Ausgabe: Brunner, Christoph: Stationary concepts for experimental 2x2 games. - 2011
• Sach-SW: Game Theory and Bargaining Theory: General
• K10plus-PPN: 1807745236

Abstract

Reinhard Selten and Thorsten Chmura (2008) recently reported laboratory results for completely mixed 2 X 2 games used to compare Nash equilibrium with four other stationary concepts: quantal response equilibrium, action-sampling equilibrium, payoff-sampling equilibrium, and impulse balance equilibrium. We reanalyze their data, correct some errors, and find that Nash clearly fits worst while the four other concepts perform about equally well. We also report new analysis of other previous experiments that illustrate the importance of the loss aversion hardwired into impulse balance equilibrium: when the other non-Nash concepts are augmented with loss aversion, they outperform impulse balance equilibrium.