Testability of evolutionary game dynamics based on experimental economics data

Yijia Wang, Xiaojie Chen and Zhijian Wang

Physica A: Statistical Mechanics and its Applications, 2017, vol. 486, issue C, 455-464

Abstract: Understanding the dynamic processes of a real game system requires an appropriate dynamics model, and rigorously testing a dynamics model is nontrivial. In our methodological research, we develop an approach to testing the validity of game dynamics models that considers the dynamic patterns of angular momentum and speed as measurement variables. Using Rock–Paper–Scissors (RPS) games as an example, we illustrate the geometric patterns in the experiment data. We then derive the related theoretical patterns from a series of typical dynamics models. By testing the goodness-of-fit between the experimental and theoretical patterns, we show that the validity of these models can be evaluated quantitatively. Our approach establishes a link between dynamics models and experimental systems, which is, to the best of our knowledge, the most effective and rigorous strategy for ascertaining the testability of evolutionary game dynamics models.

Keywords: Evolutionary game theory; Experimental economics; Dynamic pattern; Angular momentum; Speed (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:486:y:2017:i:c:p:455-464

DOI: 10.1016/j.physa.2017.04.133

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