Duopoly Strategies Programmed by Experienced Players

The strategy method asks experienced subjects to program strategies for a game. This paper reports on an application to a 20-period supergame of an asymmetric Cournot duopoly. The final strategies after three programming rounds show a typical structure. Typically, no expectations are formed and noth...

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Veröffentlicht in:	Econometrica 1997-05, Vol.65 (3), p.517-555
Hauptverfasser:	Selten, Reinhard, Mitzkewitz, Michael, Uhlich, Gerald R.
Format:	Artikel
Sprache:	eng
Schlagworte:	Absolute profits Applied sciences Behavior Co-operation Collaboration Computer programming Cooperation Duopolies Duopoly Econometrics Economic theory Equilibrium Equilibrium stability conditions Exact sciences and technology Experiments Fairness Game theory Games Gross profits Laboratories Methods Modelling Oligopolies Operational research and scientific management Operational research. Management science Outcomes of education Pareto efficiency Personal computers Profits Strategic planning Structural analysis Studies Tournaments & championships
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