Two "Little Treasure Games" driven by Unconditional Regret
Vladislav Damjanovic ()
No 2016_06, CEGAP Working Papers from Durham University Business School
For Traveller’s Dilemma and Minimal Effort Coordination games, the unconditional regret matching (URM) procedure predicts outcomes close to the experimental ones. This supports a claim that the URM procedure can be well suited to predict the behavior of experimental subjects in repeated games
Keywords: Adaptive Heuristics; Regret Matching; Coarse-Correlated Equilibrium; Traveller’s Dilemma Game; Minimal Effrot Coordination Game (search for similar items in EconPapers)
JEL-codes: D8 C7 D7 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-exp and nep-gth
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Journal Article: Two “little treasure games” driven by unconditional regret (2017)
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