Discovery Projects - Grant ID: DP150104491

Funding Activity

Website
http://dataportal.arc.gov.au/NCGP/Web/Grant/Grant/DP150104491

Funding Status
Closed

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Funded Activity Summary

Introspection, Learning, and Equilibrium in Games: Theory and Experiment. Game theory is increasingly being used in the social sciences, but the extreme reliance on perfect decision making and perfect foresight has raised doubts about its empirical relevance. This scepticism is reinforced by laboratory evidence showing behaviour patterns that are systematically biased away from game-theoretic predictions. This project concerns the development and testing of models more descriptive of actual human behaviour. One aim is to deliver hybrid models able to reproduce interesting patterns of first-period play (introspection), time-series data in repeated games (learning), and systematic departures from static equilibrium. Another aim is to apply a successful hybrid to improve the design of economic and social institutions.

Funded Activity Details

Start Date: 01-01-2015

End Date: 31-12-2019

Funding Scheme: Discovery Projects

Funding Amount: $436,900.00

Funder: Australian Research Council

Research Topics

ANZSRC Field of Research (FoR)

Microeconomic Theory | Economic Theory | Experimental Economics |

ANZSRC Socio-Economic Objective (SEO)

Preference, Behaviour and Welfare

Other Keywords

Economic Theory | Experimental Economics | Microeconomic Theory | Preference, Behaviour and Welfare

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