Economics Research Seminar | Weatherhead

Economics Research Seminar

Epistemic Experiments: Utilities, Beliefs and Irrational Play

Abstract:

Inspired by the epistemic game theory framework, I elicit subjects’ preferences over outcomes, beliefs about strategies, and beliefs about beliefs in a variety of simple games. I find that the prisoners’ dilemma and the traditional centipede game are both Bayesian games, with many non-selfish types. Many players choose strategies that are clearly inconsistent with their elicited beliefs and preferences. But these instances of “irrationality” disappear when the game is made sequential and the player moves second, suggesting that irrationality is driven by the presence of strategic uncertainty.

 

Please join the Economics Department for a research seminar.  This event is open to all Case Western Reserve University faculty, Ph.D. students, economic majors and minors, and those interested in economics research.

 
Contact Information:

Teresa Kabat
teresa.kabat@case.edu
216.368.4110

 

Friday, Feb. 23, 2018 from 12:30 p.m. to 2 p.m.
Peter B. Lewis Building
11119 Bellflower Road, Room 258
Cleveland, OH 44106-7235
United States
Speaker(s): Paul J. Healy, Ph.D., The Ohio State University
Sponsored by: Economics Department
Epistemic Experiments

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