Stationary concepts for experimental 2 X 2 games: reply

Selten, R, Chmura, T ORCID: https://orcid.org/0000-0001-7476-2030 and Goerg, SJ, 2011. Stationary concepts for experimental 2 X 2 games: reply. American Economic Review, 101 (2), pp. 1041-1044. ISSN 0002-8282

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Abstract

This is a reply to "Stationary concepts for experimental 2 X 2 games: comment" by Brunner, Camerer, and Goeree which corrects some computational errors in Selten and Chmura (2008) and extends the comparison of five stationary concepts to data from previous experimental studies. We critically discuss their new findings and relate them to the data of Selten and Chmura (2008). We conclude that the parametric concepts of action-sampling equilibrium and payoff-sampling equilibrium perform better than quantal response equilibrium, and that the non-parametric concept of impulse-balance equilibrium performs at least as well as quantal response equilibrium.

Item Type:	Journal article
Publication Title:	American Economic Review
Creators:	Selten, R., Chmura, T. and Goerg, S.J.
Publisher:	American Economic Association
Date:	April 2011
Volume:	101
Number:	2
ISSN:	0002-8282
Identifiers:	Number Type 10.1257/aer.101.2.1041 DOI
Rights:	Copyright © 2011 AEA
Divisions:	Schools > Nottingham Business School
Record created by:	Jonathan Gallacher
Date Added:	24 Apr 2018 13:11
Last Modified:	24 Apr 2018 13:11
URI:	https://irep.ntu.ac.uk/id/eprint/33312

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