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| Author: | McKelvey, R.D. Palfrey, T.R. Weber, R.A. |
| Title: | The effects of payoff magnitude and heterogeneity on behavior in 2x2 games with unique mixed strategy equilibria |
| Journal: | Journal of Economic Behavior and Organization
2000 : AUG, VOL. 42:4, p. 523-548 |
| Index terms: | Game theory Equilibrium analysis Mathematical models |
| Language: | eng |
| Abstract: | Most research in experimental economics relies implicitly on an assumption that marginal payoff incentives in the experimental environment are sufficiently great to successfully induce preferences and thereby provide a good approximation of the theoretical economic environment being studied. On the other hand, there may be other behavioral components that may contaminate experiments where incentives are not high enough. This paper presents the results from an experiment, using a collection of very simple 2x2 games of complete information. |
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