Non-equilibrium play in centipede games
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985998%3A_____%2F20%3A00524653" target="_blank" >RIV/67985998:_____/20:00524653 - isvavai.cz</a>
Result on the web
<a href="https://doi.org/10.1016/j.geb.2020.01.007" target="_blank" >https://doi.org/10.1016/j.geb.2020.01.007</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.geb.2020.01.007" target="_blank" >10.1016/j.geb.2020.01.007</a>
Alternative languages
Result language
angličtina
Original language name
Non-equilibrium play in centipede games
Original language description
Centipede games represent a classic example of a strategic situation, where the equilibrium prediction is at odds with human behavior. This study is explicitly designed to discriminate among the proposed explanations for initial responses in centipede games. Using many different centipede games, our approach determines endogenously whether one or more explanations are empirically relevant. We find that non-equilibrium behavior is too heterogeneous to be explained by a single model. However, most non-equilibrium choices can be fully explained by level-k thinking and quantal response equilibrium but each model for different subjects. Preference-based models play a negligible role in explaining non-equilibrium play.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
<a href="/en/project/GA17-25222S" target="_blank" >GA17-25222S: Behavioral Heterogeneity in Strategic Situations</a><br>
Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2020
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Games and Economic Behavior
ISSN
0899-8256
e-ISSN
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Volume of the periodical
120
Issue of the periodical within the volume
March
Country of publishing house
US - UNITED STATES
Number of pages
43
Pages from-to
391-433
UT code for WoS article
000526533900024
EID of the result in the Scopus database
2-s2.0-85079129117