Deductive versus inductive equilibrium selection : experimental results

@inproceedings{Haruvya2004DeductiveVI,
  title={Deductive versus inductive equilibrium selection : experimental results},
  author={Ernan Haruvya and Dale O. Stahlb},
  year={2004}
}
  • Ernan Haruvya, Dale O. Stahlb
  • Published 2004
The debate in equilibrium selection appears to have culminated in the formation of two schools of thought: those who favor equilibrium selection based on rational coordination and those who favor zero-rationality adaptation. We examine four deductive selection principles and find that each fails to explain experimental data. We propose an inductive selection principle based on simple learning dynamics. Using out-of-sample maximum likelihood parameters, the predictive performance of one such… CONTINUE READING
Highly Cited
This paper has 27 citations. REVIEW CITATIONS

From This Paper

Figures, tables, and topics from this paper.
19 Citations
25 References
Similar Papers

References

Publications referenced by this paper.
Showing 1-10 of 25 references

A horse race among actionreinforcement learning models

  • D Stahl
  • 1999
Highly Influential
7 Excerpts

Selection criteria in coordination games: some experimental

  • R. 827–874. Cooper, D. DeJong, R. Forsythe, T. Ross
  • 1990
Highly Influential
6 Excerpts

Adaptive behavior and coordination failure

  • J. Van Huyck, J. Cook, R. Battalio
  • Journal of Economic
  • 1997
Highly Influential
4 Excerpts

Strategic uncertainty, equilibrium selection principles, and coordination

  • J. Van Huyck, R. Battalio, R. Beil
  • American Economic Review
  • 1991
Highly Influential
4 Excerpts

Tacit coordination games, strategic uncertainty, and coordination failure

  • J. Van Huyck, R. Battalio, R. Beil
  • American Economic Review
  • 1990
Highly Influential
4 Excerpts

Other-regarding preferences: Egalitarian warm glow, empathy, and group size

  • D. Austin. Stahl, E. Haruvy
  • 2002
1 Excerpt

Similar Papers

Loading similar papers…