Is positive confirmation relevant for game theory?: an experimental test

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    Abstract

    Previous experimental work has found that Positive Confirmation is a significant factor in learning. However, to date, there has been no attempt to test this phenomenon in a game- theoretic setting. An experiment is undertaken which tests positive confirmation in a game against nature. It is found that positive confirmation does occur in this setting and results in behaviour that cannot be explained by current theories of choice. This suggests that current theories are incomplete and new approaches need to be developed to take account of positive confirmation.
    Original languageEnglish
    PublisherUniversity of Dundee
    Publication statusPublished - 2003

    Publication series

    NameDundee Discussion Papers in Economics
    PublisherUniversity of Dundee
    No.158
    ISSN (Print)1473-236X

    Keywords

    • Positive confirmation
    • Game against nature
    • Learning

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  • Cite this

    Jones, M. K. (2003). Is positive confirmation relevant for game theory?: an experimental test. (Dundee Discussion Papers in Economics; No. 158). University of Dundee.