Economía experimental - Wikipedia, la enciclopedia libre
Experimental economics is the application of experimental methods[1] to study economic questions. Data collected in experiments are used to estimate effect size,
test the validity of economic theories, and illuminate market
mechanisms. Economic experiments usually use cash to motivate subjects,
in order to mimic real-world incentives. Experiments are used to help
understand how and why markets and other exchange systems function as
they do. Experimental economics have also expanded to understand
institutions and the law (experimental law and economics).[2] A fundamental aspect of the subject is design of experiments. Experiments may be conducted in the field or in laboratory settings, whether of individual or group behavior. Variants of the subject outside such formal confines include natural and quasi-natural experiments.
The LFT-Australia experience:
Since 2003 to 2016, labs of experimental economics were established in rural Australian areas by LFT-Australia memebrs; linking farmers, resources industries, consumers, indigenous community members,
University and other experimental economics' labs:
involving two or more players in which each player is assumed to know
the equilibrium strategies of the other players, and no player has
anything to gain by changing only his or her own strategy.[1]
If each player has chosen a strategy and no player can benefit by
changing strategies while the other players keep theirs unchanged, then
the current set of strategy choices and the corresponding payoffs
constitutes a Nash equilibrium. The Nash equilibrium is one of the
foundational concepts in game theory. The reality of the Nash
equilibrium of a game can be tested using experimental economics methods. wikipedia
The
Nash Equilibrium is the solution to a game in which two or more players
have a strategy, and with each participant considering an opponent’s
choice, he has no incentive, nothing to gain, by switching his strategy.
In the Nash Equilibrium, each player's strategy is optimal when
considering the decisions of other players. Every player wins because
everyone gets the outcome they desire. To quickly test if the Nash equilibrium
exists, reveal each player's strategy to the other players. If no one
changes his strategy, then the Nash Equilibrium is proven. For
example, imagine a game between Tom and Sam. In this simple game, both
players can choose strategy A, to receive $1, or strategy B, to lose $1.
Logically, both players choose strategy A and receive a payoff of $1.
If you revealed Sam's strategy to Tom and vice versa, you see that no
player deviates from the original choice. Knowing the other player's
move means little and doesn't change either player's behavior. The
outcome A, A represents a Nash Equilibrium. source
Experimental economics is the application of experimental methods[1] to study economic questions. Data collected in experiments are used to estimate effect size,
test the validity of economic theories, and illuminate market
mechanisms. Economic experiments usually use cash to motivate subjects,
in order to mimic real-world incentives. Experiments are used to help
understand how and why markets and other exchange systems function as
they do. Experimental economics have also expanded to understand
institutions and the law (experimental law and economics).[2] A fundamental aspect of the subject is design of experiments. Experiments may be conducted in the field or in laboratory settings, whether of individual or group behavior. Variants of the subject outside such formal confines include natural and quasi-natural experiments.
The LFT-Australia experience:
Since 2003 to 2016, labs of experimental economics were established in rural Australian areas by LFT-Australia memebrs; linking farmers, resources industries, consumers, indigenous community members,
University and other experimental economics' labs:
- https://www.upf.edu/leex/
- http://bellarmine.lmu.edu/economics/beyondtheclassroom/experimentaleconomicslaboratory/
- http://abcrm.com/peel/
- http://www.econ.uzh.ch/en/department.html
- http://www.birmingham.ac.uk/schools/business/departments/economics/research/birmingham-experimental-economics-laboratory.aspx
- https://www.bonneconlab.uni-bonn.de/about-us/experimental-economics
- http://www.utas.edu.au/arts/areas-of-study/disciplines?a=243441
Nash Equilibrium
In game theory, the Nash equilibrium is a solution concept of a non-cooperative gameinvolving two or more players in which each player is assumed to know
the equilibrium strategies of the other players, and no player has
anything to gain by changing only his or her own strategy.[1]
If each player has chosen a strategy and no player can benefit by
changing strategies while the other players keep theirs unchanged, then
the current set of strategy choices and the corresponding payoffs
constitutes a Nash equilibrium. The Nash equilibrium is one of the
foundational concepts in game theory. The reality of the Nash
equilibrium of a game can be tested using experimental economics methods. wikipedia
The
Nash Equilibrium is the solution to a game in which two or more players
have a strategy, and with each participant considering an opponent’s
choice, he has no incentive, nothing to gain, by switching his strategy.
In the Nash Equilibrium, each player's strategy is optimal when
considering the decisions of other players. Every player wins because
everyone gets the outcome they desire. To quickly test if the Nash equilibrium
exists, reveal each player's strategy to the other players. If no one
changes his strategy, then the Nash Equilibrium is proven. For
example, imagine a game between Tom and Sam. In this simple game, both
players can choose strategy A, to receive $1, or strategy B, to lose $1.
Logically, both players choose strategy A and receive a payoff of $1.
If you revealed Sam's strategy to Tom and vice versa, you see that no
player deviates from the original choice. Knowing the other player's
move means little and doesn't change either player's behavior. The
outcome A, A represents a Nash Equilibrium. source
Hello, my name is Jack Sparrow. I'm a 50 year old self-employed Pirate from the Caribbean.
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