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.
|Name||Dundee Discussion Papers in Economics|
|Publisher||University of Dundee|
- Positive confirmation
- Game against nature