Abstract

https://ssrn.com/abstract=2885243
 


 



King of the Hill: Giving Backward Induction Its Best Shot


Martin Dufwenberg


University of Arizona - Department of Economics

Matt Van Essen


University of Alabama

November 08, 2016

CESifo Working Paper Series No. 6169

Abstract:     
We study a class of deceptively similar games, which however have different player sets and predictions that vary with their cardinality. The economic, biological, political, and psychological applications are many. The game-theoretic principles involved are compelling as predictions rely on weaker and less controversial epistemic foundations than needed to justify backward inductions more generally. Is the account empirically relevant? We design and report results from a relevant experiment.

Number of Pages in PDF File: 25

Keywords: backward induction, interactive epistemology, player set cardinality, experiment

JEL Classification: C720, C920


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Date posted: December 14, 2016  

Suggested Citation

Dufwenberg, Martin and Van Essen, Matt, King of the Hill: Giving Backward Induction Its Best Shot (November 08, 2016). CESifo Working Paper Series No. 6169. Available at SSRN: https://ssrn.com/abstract=2885243

Contact Information

Martin Dufwenberg (Contact Author)
University of Arizona - Department of Economics ( email )
McClelland Hall
Tucson, AZ 85721-0108
United States
Matt Van Essen
University of Alabama ( email )
101 Paul W. Bryant Dr.
Box 870382
Tuscaloosa, AL 35487
United States
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