Testing game-theoretic comparative statics using Bayesian model selection. (English) Zbl 1476.91011
Summary: The authors [ibid. 37, No. 1, 24–58 (2013; Zbl 1274.91355)]
propose a formal-game-theoretic model that yields comparative statics predictions about the behavior of actors and actors’ expectations about behaviors of others in nonrepeated prisoner’s dilemma games. They consider five competing specifications of this model. In this note, we present a Bayesian statistical method to test these five competing specifications, taking the hierarchical nature of the data into account. While this paper is a follow-up to [loc. cit.],
the method we discuss is suitable to test multiple comparative statics and is, thus, useful to asses the fit of other game-theoretic models.
Citations:
Zbl 1274.91355References:
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