Complexity of Networking - An Experimental Study of the Network Hawk Dove Game

Siegfried Berninghaus (), Stephan Schosser () and Bodo Vogt ()
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Siegfried Berninghaus: Karlsruhe Institute of Technology
Stephan Schosser: Karlsruhe Institute of Technology
Bodo Vogt: Faculty of Economics and Management, Otto-von-Guericke University Magdeburg

No 110024, FEMM Working Papers from Otto-von-Guericke University Magdeburg, Faculty of Economics and Management

Abstract: Complexity of strategies is central for human decision making and attracted interest of different game theorists in the recent years. Nevertheless, behavioral economists have neglected the importance of complexity in their analyses. In this paper, we analyze network formation and action selection in a Hawk Dove Game with focus on complexity aspects. We conduct experiments with three variants of the game which are equivalent from a game theoretic perspective, but differ from a complexity theoretic perspective. Our results show, that complexity of decision making has an impact on the strategies played and that efficiency is higher the less complex the decision problem is.

Pages: 21 pages
Date: 2011-11
New Economics Papers: this item is included in nep-cbe, nep-exp and nep-gth
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:mag:wpaper:110024

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