INTRODUCTION 3: NASH EQUILIBRIUM - PowerPoint PPT Presentation

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INTRODUCTION 3: NASH EQUILIBRIUM

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Title: INTRODUCTION 3: NASH EQUILIBRIUM


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INTRODUCTION 3 NASH EQUILIBRIUM
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Travelers dilemma Results
  • Travelers dilemma game (Basu 1994, Goeree et
    Holt 2001)
  • Unique NE (80, 80), ? R gt 1
  • Experimental results
  • R 5 ? average 280 (mode 300 )
  • R 180 ? average 200 (mode 180 )
  • Sensibility of players to the reward/penalty
    parameter R
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