Gambler's fallacy and imperfect best response in legislative bargaining

Abstract

We analyze data from the legislative bargaining experiments reported in Frechette, Kagel, and Lehrer (2003), Frechette, Kagel, and Morelli (2005a,b), and Drouvelis, Montero, and Sefton (2010) in order to investigate the extent to which the observed deviations from the theoretical predictions can be explained by imperfect best response, in combination with… (More)
DOI: 10.1016/j.geb.2016.06.008

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