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| Tekijä: | Capra, C. |
| Otsikko: | Anomalous behavior in a traveler's dilemma? |
| Lehti: | American Economic Review
1999 : JUN, VOL. 89:3, p. 678-690 |
| Asiasana: | ECONOMICS BEHAVIOURAL SCIENCE THEORIES |
| Kieli: | eng |
| Tiivistelmä: | The notion of a Nash equilibrium has joined supply and demand as one of the two or three techniques that economists instinctively try to use first in the analysis of economic interactions. Moreover, the Nash equilibrium and closely-related game-theoretic concepts are being widely applied in other social sciences and even in biology, where evolutionary stability often selects a subset of the Nash equilibria. This paper uses laboratory experiments to evaluate whether average claims are affected by (theoretically irrelevant) changes in the penalty/reward parameter. |
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