We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Stable Sampling Equilibrium in Common Pool Resource Games.
- Authors
Cárdenas, Juan Camilo; Mantilla, César; Sethi, Rajiv
- Abstract
This paper reconsiders evidence from experimental common pool resource games from the perspective of a model of payoff sampling. Despite being parameter-free, the model is able to replicate some striking features of the data, including single-peaked frequency distributions, the persistent use of strictly dominated actionsand stable heterogeneity in choices. These properties can also be accurately replicated using logit quantal response equilibrium (QRE), but only by tuning the free parameter separately for separate games. When the QRE parameter is constrained to be the same across games, sampling equilibrium provides a superior fit to the data. We argue that these findings are likely to generalize to other complex games with multiple players and strategies.
- Subjects
GAME theory; LOGITS; DISTRIBUTION (Probability theory); PROBABILITY theory; HETEROGENEITY
- Publication
Games (20734336), 2015, Vol 6, Issue 3, p299
- ISSN
2073-4336
- Publication type
Article
- DOI
10.3390/g6030299