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An Experiment on subjective Game Valuations

Aurora García-Gallego (), Nikolaos Georgantzís (), Maria Gil Molto () and Vicente Orts ()
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Vicente Orts: IEI, LEE and Dpt Economics, Universitat Jaume I

Discussion Paper Series from Department of Economics, Loughborough University

Abstract: We experimentally test the hypothesis that players' valuations of a game coincide with their Nash equilibrium earnings. Our results offer significantly less support for this hypothesis than for the prediction of dominant strategy play.

Keywords: Game Value; Subgame Perfection; Dominant Strategies; Behavioral Game Theory (search for similar items in EconPapers)
JEL-codes: C72 C91 (search for similar items in EconPapers)
Date: 2006-04, Revised 2006-04
New Economics Papers: this item is included in nep-cbe, nep-exp and nep-gth
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