Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/85711
Authors: 
Sonnemans, Joep
Year of Publication: 
1998
Series/Report no.: 
Tinbergen Institute Discussion Paper 98-032/1
Abstract: 
The strategy method is becoming an important tool in experimentalmethodology. This study examines how well this method works in anindividual decision experiment. Subjects are faced with a sequentialsearch problem. After extensive practice solving the problem andformulating strategies, they play 20 periods for money. In eachperiod the subjects first make decisions by hand, and after thattheir strategy operates on the same sequence of bids. Each periodonly one of the results is paid out (randomly determined). After eachperiod subjects can change their strategy. This method makes a directcomparison between strategies and decisions possible.
Subjects: 
Strategy method
sequential search
experiment
JEL: 
C91
D83
Document Type: 
Working Paper

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