Absent-minded drivers in the lab: Testing Gilboa's model

Steffen Huck and Wieland Müller

No 2000,45, SFB 373 Discussion Papers from Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes

Abstract: This note contributes to the discussion of decision problems with imperfect recall from an empirical point of view. We argue that, using standard methods of experimental economics, it is impossible to induce (or control for) absent-mindedness of subjects. Nevertheless, it is possible to test Gilboa's (1997) agent-based approach to games with imperfect recall. We implement his model of the absent-minded driver problem in an experiment and find, if subjects are repeatedly randomly rematched, strong support for the equilibrium prediction which coincides with Piccione and Rubinstein's (1997) ex ante solution of the driver's problem.

Keywords: experiments; imperfect recall; the absent-minded driver's paradox (search for similar items in EconPapers)
JEL-codes: C72 C92 (search for similar items in EconPapers)
Date: 2000
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Journal Article: ABSENT–MINDED DRIVERS IN THE LAB: TESTING GILBOA'S MODEL (2002)
Working Paper: Absent-minded drivers in the lab: Testing Gilboa's model (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:sfb373:200045

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