| Autor: |
Werner Güth, Thorsten Chmura |
| Jazyk: |
angličtina |
| Rok vydání: |
2011 |
| Předmět: |
|
| Zdroj: |
Games, Vol 2, Iss 3, Pp 333-354 (2011) |
| Druh dokumentu: |
article |
| ISSN: |
2073-4336 |
| DOI: |
10.3390/g2030333 |
| Popis: |
We report experimental results on the minority of three-game, where three players choose one of two alternatives and the most rewarding alternative is the one chosen by a single player. This coordination game has many asymmetric equilibria in pure strategies that are non-strict and payoff-asymmetric and a unique symmetric mixed strategy equilibrium in which each player’s behavior is based on the toss of a fair coin. This straightforward behavior is predicted by equilibrium selection, impulse-balance equilibrium, and payoff-sampling equilibrium. Experimental participants rely on various decision rules, and only a quarter of them perfectly randomize. |
| Databáze: |
Directory of Open Access Journals |
| Externí odkaz: |
|
