Harless, David W. and Camerer, Colin F. (1995) An error rate analysis of experimental data testing Nash refinements. European Economic Review, 39 (3-4). pp. 649-660. ISSN 0014-2921 http://resolver.caltech.edu/CaltechAUTHORS:20110211-105830700
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Abstract
Error rate analysis applied to experimental data testing choice theories proves useful because it uses the entire distribution of observations - over predicted and unpredicted outcomes - to test theories. In this paper we apply error rate analysis to experimental data testing ash refinements. Evaluating theories using the proportion of consistent responses ignores systematic variation over inconsistent outcomes; a scale of inconsistency is necessary to evaluate refinements as some inconsistent observations are more supportive of a refinement than others. Previous conclusions about the accuracy of refinements reached using the proportion of consistent responses are reversed by the error rate analysis.
| Item Type: | Article |
|---|---|
| Additional Information: | © 1995 Elsevier Science B.V. Available online 7 March 2000. |
| Subject Keywords: | Experiments; Game theory; Sequential refinement; Intuitive refinement |
| Classification Code: | J EL classification: C72, C92 |
| Record Number: | CaltechAUTHORS:20110211-105830700 |
| Persistent URL: | http://resolver.caltech.edu/CaltechAUTHORS:20110211-105830700 |
| Related URLs: | |
| Official Citation: | David W. Harless, Colin F. Camerer, An error rate analysis of experimental data testing Nash refinements, European Economic Review, Volume 39, Issues 3-4, Papers and Proceedings of the Ninth Annual Congress European Economic Association, April 1995, Pages 649-660, ISSN 0014-2921, DOI: 10.1016/0014-2921(94)00072-8. (http://www.sciencedirect.com/science/article/B6V64-3YRSMF4-1R/2/625ea6abe7affa77e4ce32d27298a65a) |
| Usage Policy: | No commercial reproduction, distribution, display or performance rights in this work are provided. |
| ID Code: | 22135 |
| Collection: | CaltechAUTHORS |
| Deposited By: | Tony Diaz |
| Deposited On: | 20 Feb 2011 01:02 |
| Last Modified: | 20 Feb 2011 01:02 |
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