Human game experiment to verify the equilibrium selection controlled by design
We conducted a laboratory experiment involving human subjects to test the theoretical hypothesis that equilibrium selection can be impacted by manipulating the games dynamics process, by using modern control theory. Our findings indicate that human behavior consists with the predictions derived from...
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| Main Authors | , , , |
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| Format | Journal Article |
| Language | English |
| Published |
11.11.2024
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| Subjects | |
| Online Access | Get full text |
| DOI | 10.48550/arxiv.2411.06847 |
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| Summary: | We conducted a laboratory experiment involving human subjects to test the
theoretical hypothesis that equilibrium selection can be impacted by
manipulating the games dynamics process, by using modern control theory. Our
findings indicate that human behavior consists with the predictions derived
from evolutionary game theory paradigm. The consistency is supported by three
key observations: (1) the long-term distribution of strategies in the strategy
space, (2) the cyclic patterns observed within this space, and (3) the speed of
convergence to the selected equilibrium. These findings suggest that the design
of controllers aimed at equilibrium selection can indeed achieve their
theoretical intended purpose. The location of this study in the knowledge tree
of evolutionary game science is presented. |
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| DOI: | 10.48550/arxiv.2411.06847 |