Optimization Incentives and Coordination Failure in Laboratory Stag Hunt Games
通过实验比较三种猎鹿博弈,它们的最佳反应对应和混合均衡期望收益相同,但选择最佳反应而非劣反应的激励不同,发现优化激励差异显著影响行为。
This paper reports an experiment comparing three stag hunt games that have the same best-response correspondence and the same expected payoff from the mixed equilibrium, but differ in the incentive to play a best response rather than an inferior response.In each game, risk dominance conflicts with payoff dominance and selects an inefficient pure strategy equilibrium.We find statistically and economically significant evidence that the differences in the incentive to optimize help explain observed behavior.