The theory of drift (Binmore and Samuelson 1999) concerns equilibrium selection in which secondorder disturbances may have first-order effects in the emergence of one equilibrium over the other. We provided experimental evidence with human players supporting the model in Caminati, Innocenti and Ricciuti (2006). In this paper we test it with conditioning by computer players. When computers are removed and humans are matched against each other, the comparative static properties of the model are confirmed
Mauro, C., Innocenti, A., Roberto, R. (2007). Drift and Equilibrium Selection with Human and Virtual Players. In labsi working papers (pp. 1-23). SIENA : Labsi.
Drift and Equilibrium Selection with Human and Virtual Players
INNOCENTI, ALESSANDRO;
2007-01-01
Abstract
The theory of drift (Binmore and Samuelson 1999) concerns equilibrium selection in which secondorder disturbances may have first-order effects in the emergence of one equilibrium over the other. We provided experimental evidence with human players supporting the model in Caminati, Innocenti and Ricciuti (2006). In this paper we test it with conditioning by computer players. When computers are removed and humans are matched against each other, the comparative static properties of the model are confirmed
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https://hdl.handle.net/11365/33254
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