English, Article, Journal or magazine article edition: Experts Playing the Traveler's Dilemma Tilman Becker; Michael Carter; Jörg Naeve

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Bookmark: http://trove.nla.gov.au/version/18517
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Experts Playing the Traveler's Dilemma
Author
  • Tilman Becker
  • Michael Carter
  • Jörg Naeve
Physical Description
  • preprint
Notes
  • We analyze a one-shot experiment on the traveler's dilemma in which members of the Game Theory Society, were asked to submit both a (possibly mixed) strategy and their belief concerning the average strategy of their opponents. Very few entrants expect and play the unique Nash equilibrium, while we observe a fifth playing the cooperative solution of the game, i.e. a strictly dominated strategy. The experimental data suggest to analyze the game as one of incomplete information. Most strategies observed are in the support of its Bayesian Nash equilibria. A notable exception is the Nash equilibrium strategy of the original game.
  • Traveler's Dilemma; Experiment; Experts; Incomplete Information
  • RePEc:hoh:hohdip:252
Language
  • English
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