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Please use this identifier to cite or link to this item: http://hdl.handle.net/1783.1/1040
Title: Elicitation of strategy profiles in large group coordination games
Authors: Seale, Darryl A.
Rapoport, Amnon
Keywords: Strategy profiles
Large group
Market entry games
Equilibrium play
Decision method
Coordination games
Issue Date: 27-Apr-1999
Citation: Marketing Working Paper Series ; MKTG 99.139
Abstract: The strategy method is an experimental procedure for eliciting a complete strategy of play for all information sets, not only the ones that happen to be reached during the course of a play of a game. We use it to elicit individual strategy profiles for a class of large group, market entry games in which the payoff for a player who enters on a given market capacity value decreases linearly in the difference between this value and the corresponding number of entrants. Our results show that the number of entrants across a large set of market capacity values is organized remarkably well by the equilibrium solution. The results do not differ from previous results obtained under the more common decision method. In contrast, the individual profiles do not support equilibrium play. Rather, they exhibit a variety of patterns that defy any classification. In particular, we find no evidence in support of cutoff decision rules that seem to be elicited under the decision method.
URI: http://hdl.handle.net/1783.1/1040
Appears in Collections:MARK Working Papers

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