A test of the principle of optimality

Theory and Decision

Volumn 50, Issue 3, 2001, Pages 263-281

  Carbone, Enrica ^b   Hey, John D ^a  

^a UNIVERSITY OF YORK   (United Kingdom)

^b NONE

Author keywords

Backward induction; Dynamic decision making; Experiments; Principle of Optimality; Software

Indexed keywords

EID: 0005978044     PISSN: 00405833     EISSN: None     Source Type: Journal    
DOI: 10.1023/A:1010342908638     Document Type: Article

References (5)

1. Camerer, C.F., Johnston, E., Rymon, T. and Sen, S. (1993), Cognition and framing in sequential bargaining for gains and losses. In: Kirman A. and Tani P., eds, Frontiers of Game Theory. MIT Press, p. 27-48.
2. Camerer, C.F., Johnston, E., Rymon, T., and Sen, S. (1998), Detecting failures of backward induction: Evidence from sequential bargaining experiments. Unpublished working paper.
3. Hey, J.D. (1993), Dynamic decision making under uncertainty: An experimental study of the dynamic competitive firm. Oxford Economic Papers, p. 58-82.
4. Hey, J.D. and Dardanoni, V. (1988), A large scale experimental investigation into optimal consumption under uncertainty, Economic Journal 98: 105-116.
5. Strobel, M. (1996), Some fundamental aspects of saving, updating and dynamic programming - an experimental analysis of dynamic saving behaviour in a stochastic environment. Unpublished working paper of Humboldt University Berlin.