What and why noise matters? Experimental evidence for stochastic deviations from best response
Speaker
Heinrich H. Nax, University of Zürich and ETH Zürich
Date
26/10/2021 - 13:00 - 11:30Add To Calendar
2021-10-26 11:30:00
2021-10-26 13:00:00
What and why noise matters? Experimental evidence for stochastic deviations from best response
In this article, turning to behavioral evidence, we investigate which of the models proposed in evolutionary game theory are supported regarding individual human behavior. Specifically, we identify which assumptions regarding individual-level adjustment behavior in terms of optimal play (‘best response’) and deviations thereof (‘noise’) are supported. In doing so, we move the focus of research from the theoretical and modeling question ‘How Noise Matters?’ (Blume, 2003) to the behavioral and empirical question ‘What Noise Matters?’
Zoom (https://us02web.zoom.us/j/82536086839) and it will be broadcasted in the Economics lounge room
אוניברסיטת בר-אילן - Department of Economics
Economics.Dept@mail.biu.ac.il
Asia/Jerusalem
public
Place
Zoom (https://us02web.zoom.us/j/82536086839) and it will be broadcasted in the Economics lounge room
Affiliation
https://www.nax.science/
Abstract
In this article, turning to behavioral evidence, we investigate which of the models proposed in evolutionary game theory are supported regarding individual human behavior. Specifically, we identify which assumptions regarding individual-level adjustment behavior in terms of optimal play (‘best response’) and deviations thereof (‘noise’) are supported. In doing so, we move the focus of research from the theoretical and modeling question ‘How Noise Matters?’ (Blume, 2003) to the behavioral and empirical question ‘What Noise Matters?’
Last Updated Date : 21/10/2021
