Risk averse behavior in generalized matching pennies games
نویسندگان
چکیده
منابع مشابه
Risk averse behavior in generalized matching pennies games
In experimental studies of behavior in 2 × 2 games with unique mixed strategy equilibria, observed choice frequencies are systematically different from mixed-strategy Nash predictions. This paper examines experimental results for a variety of such games, and shows that a structural econometric model which incorporates risk aversion into a quantal response equilibrium explains the data very well...
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This paper studies several variants of 2 × 2 games with unique mixed strategy equilibria, which we call asymmetric matching pennies games. In experimental studies of behavior in these games, observed choice frequencies are typically much different from the mixed strategy Nash predictions. This paper reports experimental results for a variety of such games, and shows that a structural econometri...
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We examine individual behavior in generalized games of matching pennies. Our findings are twofold. First, individuals cooperate in these games; i.e., they systematically select strategies that lead both players to obtain higher expected payoffs than Nash. Second, among the main models in the extant literature (some of which were explicitly designed to induce cooperative behavior) the only one t...
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Evolutionary social dilemma games are extended by an additional matching-pennies game that modifies the collected payoffs. In a spatial version players are distributed on a square lattice and interact with their neighbors. First, we show that the matching-pennies game can be considered as the microscopic force of the Red Queen effect that breaks the detailed balance and induces eddies in the mi...
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A quantum version of the Matching Pennies (MP) game is proposed that is set in an Einstein-Podolsky-Rosen-Bohm (EPR-Bohm) setting. We construct the quantum game without using the state vectors and while considering only the quantum mechanical joint probabilities relevant to the EPR-Bohm setting. We embed the classical game within the quantum game such that the classical MP game results when the...
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ژورنال
عنوان ژورنال: Games and Economic Behavior
سال: 2003
ISSN: 0899-8256
DOI: 10.1016/s0899-8256(03)00052-6