English

Cyclic motions in Dekel-Scotchmer Game Experiments

Applications 2013-08-26 v2

Abstract

TASP (Time Average Shapley Polygon, Bena{\=\i}m, Hofbauer and Hopkins, \emph{Journal of Economic Theory}, 2009), as a novel evolutionary dynamics model, predicts that a game could converge to cycles instead of fix points (Nash equilibria). To verify TASP theory, using the four strategy Dekel-Scotchmer games (Dekel and Scotchmer, \emph{Journal of Economic Theory}, 1992), four experiments were conducted (Cason, Friedman and Hopkins, \emph{Journal of Economic Theory}, 2010), in which, however, reported no evidence of cycles (Cason, Friedman and Hopkins, \emph{The Review of Economic Studies}, 2013). We reanalysis the four experiment data by testing the stochastic averaging of angular momentum in period-by-period transitions of the social state. We find, the existence of persistent cycles in Dekel-Scotchmer game can be confirmed. On the cycles, the predictions from evolutionary models had been supported by the four experiments.

Cite

@article{arxiv.1306.2250,
  title  = {Cyclic motions in Dekel-Scotchmer Game Experiments},
  author = {Zhijian Wang},
  journal= {arXiv preprint arXiv:1306.2250},
  year   = {2013}
}

Comments

7 Page, 3 Figure; keywords: experimental economics; angular momentum; period by period transition; social motion; stochastic averaging method; tumbling cycle

R2 v1 2026-06-22T00:31:18.447Z