|
Charles Holt's Research in Experimental Economics and Game Theory (8661 words) |
 | Each of the games considered has one set of parameters (the "treasure treatment") for which the Nash equilibrium predicts very well, but a change in a payoff parameter that does not alter the Nash equilibrium causes a large shift in observed behavior in a parallel "contradiction treatment." Moreover, these contradictions of theory are intuitive. |
| In game theory, a potential function is a mathematical formula that is positively related to individual players' payoffs: when a change in a player's own decision raises that player's payoff, then this change necessarily raises the value of the potential function by the same amount, and vice versa for decreases. |
| Game theory is the closest thing to a unifying theory in social science, and it evokes some of the strongest antagonism as well. |
| Economics game - Wikipedia, the free encyclopedia (59 words) |
| An economics game is a game based on working with a simulation of the elements of an economic structure. |
| This economics or finance-related article is a stub. |
| This page was last modified 02:36, 25 April 2006. |
Feeds |
Contact