Seminar
Past
Theory and Long Term Play in Experimental Economics
David Levine
- Date18 November 2025
- Time 11h00 - 12h15
- Room Auditorium 3
Abstract
I examine three simple parsimonious theories of long-term play in experimental economics, refined perfection, Fehr-Schmidt, and behavioral mechanism design. Refined perfection has known flaws, and Fehr-Schmidt shares some of these flaws. By some measures it does better for games in which incentives matter, on others worse. By contrast, behavioral mechanism design does better on all counts, and does a better job than existing theories of learning in predicting when players will successfully coordinate. This strongly suggests that players do not come to the laboratory with fixed preconceived notions, but rather adapt their behavior to try to achieve socially desirable outcomes.
Related document(s)
Other seminars
To be announced
-
Seminar
-
Economic Theory Seminar
-
Date 8 December 2026
-
Place Auditorium 3 - JJ Laffont
-
Speaker or organiser Piotr Dworczak (Northwestern University)
Details
To be announced
-
Seminar
-
Economic Theory Seminar
-
Date 24 November 2026
-
Place Auditorium 5
-
Speaker or organiser Frank Yang (Stanford University)
Details
To be announced
-
Seminar
-
Economic Theory Seminar
-
Date 17 November 2026
-
Place Auditorium 5
-
Speaker or organiser Qianjun Lyu (University Carlos III of Madrid)
Details