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An experiment on subjective game valuations

María José Gil-Moltó (), Vicente Orts, Nikolaos Georgantzís () and Aurora García-Gallego ()
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María José Gil-Moltó: Dpt Economics, Loughborough University

Authors registered in the RePEc Author Service: Maria Jose Gil Molto ()

Economics Bulletin, 2006, vol. 3, issue 10, 1-6

Abstract: We report experimental results on a prisoners' dilemma implemented in a way which allows us to elicit incentive-compatible valuations of the game. We test the hypothesis that players'' valuations coincide with their Nash equilibrium earnings. Our results offer significantly less support for this hypothesis than for the prediction of Dominant Strategy (DS) play.

JEL-codes: C9 C7 (search for similar items in EconPapers)
Date: 2006-05-03
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