Behavioral analysis in the agent-based simulation of centipede games

@article{Hayashida2012BehavioralAI,
  title={Behavioral analysis in the agent-based simulation of centipede games},
  author={Tomohiro Hayashida and Ichiro Nishizaki and Yuya Sugeo},
  journal={The 6th International Conference on Soft Computing and Intelligent Systems, and The 13th International Symposium on Advanced Intelligence Systems},
  year={2012},
  pages={1345-1350}
}
The aim of this paper is to explain behavior of the human subjects in several laboratory experiments of centipede game which are different from the equilibrium solution. A centipede game is a dynamic game which multiple players make decision in prearranged order. Subgame perfect equilibrium (SPE) is a solution concept which is based on the concept of Nash equilibrium. SPE is well known solution as which predicts how the players play in most of dynamic games with the exception of few kinds of… CONTINUE READING

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