King of the Hill: Giving backward induction its best shot

Martin Dufwenberg; Matt Van Essen

doi:10.1016/j.geb.2018.07.007

King of the Hill: Giving backward induction its best shot

Martin Dufwenberg, Matt Van Essen

Economics

Research output: Contribution to journal › Article › peer-review

7 Scopus citations

Abstract

We study a class of deceptively similar games, which however have different player sets and backward induction (BI) predictions that vary with their cardinality. The game-theoretic principles involved are compelling as predictions rely on weaker and less controversial epistemic foundations than needed to justify BI more generally. Are the BI predictions empirically relevant for this class of games? We design and report results from a relevant experiment.

Original language	English (US)
Pages (from-to)	125-138
Number of pages	14
Journal	Games and Economic Behavior
Volume	112
DOIs	https://doi.org/10.1016/j.geb.2018.07.007
State	Published - Nov 2018

Keywords

Backward induction
Experiment
Interactive epistemology
Player set cardinality

ASJC Scopus subject areas

Finance
Economics and Econometrics

Access to Document

10.1016/j.geb.2018.07.007

Cite this

@article{7c615f9e7a2342ad8b47348c74490e79,

title = "King of the Hill: Giving backward induction its best shot",

abstract = "We study a class of deceptively similar games, which however have different player sets and backward induction (BI) predictions that vary with their cardinality. The game-theoretic principles involved are compelling as predictions rely on weaker and less controversial epistemic foundations than needed to justify BI more generally. Are the BI predictions empirically relevant for this class of games? We design and report results from a relevant experiment.",

keywords = "Backward induction, Experiment, Interactive epistemology, Player set cardinality",

author = "Martin Dufwenberg and {Van Essen}, Matt",

note = "Publisher Copyright: {\textcopyright} 2018 Elsevier Inc.",

year = "2018",

month = nov,

doi = "10.1016/j.geb.2018.07.007",

language = "English (US)",

volume = "112",

pages = "125--138",

journal = "Games and Economic Behavior",

issn = "0899-8256",

publisher = "Academic Press Inc.",

}

TY - JOUR

T1 - King of the Hill

T2 - Giving backward induction its best shot

AU - Dufwenberg, Martin

AU - Van Essen, Matt

PY - 2018/11

Y1 - 2018/11

N2 - We study a class of deceptively similar games, which however have different player sets and backward induction (BI) predictions that vary with their cardinality. The game-theoretic principles involved are compelling as predictions rely on weaker and less controversial epistemic foundations than needed to justify BI more generally. Are the BI predictions empirically relevant for this class of games? We design and report results from a relevant experiment.

AB - We study a class of deceptively similar games, which however have different player sets and backward induction (BI) predictions that vary with their cardinality. The game-theoretic principles involved are compelling as predictions rely on weaker and less controversial epistemic foundations than needed to justify BI more generally. Are the BI predictions empirically relevant for this class of games? We design and report results from a relevant experiment.

KW - Backward induction

KW - Experiment

KW - Interactive epistemology

KW - Player set cardinality

UR - http://www.scopus.com/inward/record.url?scp=85052854104&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=85052854104&partnerID=8YFLogxK

U2 - 10.1016/j.geb.2018.07.007

DO - 10.1016/j.geb.2018.07.007

M3 - Article

AN - SCOPUS:85052854104

SN - 0899-8256

VL - 112

SP - 125

EP - 138

JO - Games and Economic Behavior

JF - Games and Economic Behavior

ER -

King of the Hill: Giving backward induction its best shot

Abstract

Keywords

ASJC Scopus subject areas

Access to Document

Other files and links

Fingerprint

Cite this