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dc.contributor.authorGoerg, Sebastian J.en
dc.contributor.authorSelten, Reinharden
dc.date.accessioned2009-01-29T15:11:38Z-
dc.date.available2009-01-29T15:11:38Z-
dc.date.issued2007-
dc.identifier.urihttp://hdl.handle.net/10419/22984-
dc.description.abstractThe notion of a cyclic game has been introduced by Selten and Wooders (2001). They illustrate the concept by the analysis of a cyclic duopoly game. The experiments reported concern this game. The game was played by eleven matching groups of six players each. The observed choice fre- quencies were compared with the predictions of Nash equilibrium, impulse balance equilibrium (Selten, Abbink and Cox (2005), Selten and Chmura (2007)) and two-sample equilbrium (Osborne and Rubinstein(1998)). Pair- wise comparisons by the Wilcoxon Signed-rank test show that impulse balance equilibrium as well as two-sample equilibrium have a significantly better predictive success than Nash equilibrium. The difference between impulse balance equilibrium and two-sample equilibrium is not significant.In each matching group three players acted only in uneven periods and the other three only in even periods. This game has two pure strategy equi- libria in which both types of players behave differently. The data exhibit a weak but significant tendency in the direction of coordination at a pure strategy equilibrium.en
dc.language.isoengen
dc.publisher|aUniversity of Bonn, Bonn Graduate School of Economics (BGSE) |cBonnen
dc.relation.ispartofseries|aBonn Econ Discussion Papers |x9/2007en
dc.subject.jelC90en
dc.subject.jelD43en
dc.subject.jelC73en
dc.subject.ddc330en
dc.subject.keywordcyclic game duopoly experimenten
dc.subject.keywordimpulse balance equilibriumen
dc.subject.keywordtwo-sample equilibriumen
dc.subject.stwDynamisches Spielen
dc.subject.stwDuopolen
dc.subject.stwExperimenten
dc.subject.stwGleichgewichten
dc.subject.stwTheorieen
dc.titleExperimental Investigation of a Cyclic Duopoly Game-
dc.typeWorking Paperen
dc.identifier.ppn534694640en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:bonedp:92007-

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