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• W12759810 abstract "Controlled economic experiments have the potential to provide direct tests of the underlying assumptions of game theory, rather than the ambiguous tests typically provided by observational data. Thus, if a theory is not supported by experimental data, we can eliminate confounding explanations like mis-specification of the game to the situation, because the situation is constructed to exactly match the specification of the game. This allows us to identify other, deeper, potential causes of the theory’s failure to predict; further experiments can be designed to tease apart competing explanations for its failure, and to suggest refinements to the theory which can incorporate the existing evidence. As a result, we have a much richer body of game theory that can explain and predict behavior in a wide variety of business settings." @default.
• W12759810 created "2016-06-24" @default.
• W12759810 creator A5021856196 @default.
• W12759810 date "2013-05-14" @default.
• W12759810 modified "2023-09-27" @default.
• W12759810 title "Experimentally Testing Game Theory" @default.
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• W12759810 doi "https://doi.org/10.1007/978-1-4614-7095-3_12" @default.
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