Game value Subgame perfection Dominant strategies Behavioral game theory
We experimentally test the hypothesis that players' valuations of a
game coincide with their Nash equilibrium earnings. Our results offer
significantly less support for this hypothesis than for the prediction of
Dominant Strategy (DS) play.
This is part of the Economics Discussion Series. It is also available: http://ideas.repec.org/p/lbo/lbowps/2006_4.html. The paper has been published subsequently in the journal, Economics Bulletin 3(10), pp. 1-6.