Expectation formation in step-level public good games
通过实验研究人们在阶梯式公共物品博弈中如何形成对他人行为的预期,发现人们并不进行策略性思考,而是像面对自然博弈一样形成信念,支持朴素贝叶斯模型。
This article focuses on the process of expectation formation. Specifically, the question is addressed whether individuals think strategically when they form beliefs about other players' behavior. Most belief learning models assume that people abstract from strategic considerations. Using an incentive-compatible mechanism, experimental data are obtained on subjects' expectations in a step-level public good game and in a game against nature. Beliefs in the interactive games develop in the same way as in the game against nature, providing evidence that strategic considerations do not play a role. The evidence is consistent with predictions derived from the naive Bayesian model.