| Author: | Mookherjee, D. Sopher, B. |
| Title: | Learning and decision costs in experimental constant sum games |
| Journal: | Games and Economic Behavior
1997 : APR, VOL. 19:1, p. 97-132 |
| Index terms: | ECONOMICS GAMES LEARNING |
| Language: | eng |
| Abstract: | Subjects played strategically similar 4x4 and 6x6 constant sum games under varying payoff scales. Substancial divergencies from equilibrium predictions were exhibited. The dynamic pattern of play is best explained by a stimulus learning model whereby players allocate weight to different actions according to their relative (time average) payoff experience in past plays. The results do not provide much support for the hypothesis that players select best responses to beliefs about opponent play based on observed choice frequences in past plays, modified by random errors or preference shocks. |
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