Letter to the Editor: Testing game-theoretic comparative statics using Bayesian model selection
Aksoy and Weesie (2013) 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 n...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
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Routledge
2015
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| _version_ | 1826312560144547840 |
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| author | Aksoy, O Weesie, J |
| author_facet | Aksoy, O Weesie, J |
| author_sort | Aksoy, O |
| collection | OXFORD |
| description | Aksoy and Weesie (2013) 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 Aksoy and Weesie (2013), the method we discuss is suitable to test multiple comparative statics and is, thus, useful to asses the fit of other game-theoretic models. |
| first_indexed | 2024-03-07T00:19:19Z |
| format | Journal article |
| id | oxford-uuid:7bf90bc4-a69e-4d7e-bf18-8e5f2534b3ca |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-04-09T03:56:53Z |
| publishDate | 2015 |
| publisher | Routledge |
| record_format | dspace |
| spelling | oxford-uuid:7bf90bc4-a69e-4d7e-bf18-8e5f2534b3ca2024-03-20T09:51:05ZLetter to the Editor: Testing game-theoretic comparative statics using Bayesian model selectionJournal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:7bf90bc4-a69e-4d7e-bf18-8e5f2534b3caEnglishSymplectic Elements at OxfordRoutledge2015Aksoy, OWeesie, JAksoy and Weesie (2013) 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 Aksoy and Weesie (2013), the method we discuss is suitable to test multiple comparative statics and is, thus, useful to asses the fit of other game-theoretic models. |
| spellingShingle | Aksoy, O Weesie, J Letter to the Editor: Testing game-theoretic comparative statics using Bayesian model selection |
| title | Letter to the Editor: Testing game-theoretic comparative statics using Bayesian model selection |
| title_full | Letter to the Editor: Testing game-theoretic comparative statics using Bayesian model selection |
| title_fullStr | Letter to the Editor: Testing game-theoretic comparative statics using Bayesian model selection |
| title_full_unstemmed | Letter to the Editor: Testing game-theoretic comparative statics using Bayesian model selection |
| title_short | Letter to the Editor: Testing game-theoretic comparative statics using Bayesian model selection |
| title_sort | letter to the editor testing game theoretic comparative statics using bayesian model selection |
| work_keys_str_mv | AT aksoyo lettertotheeditortestinggametheoreticcomparativestaticsusingbayesianmodelselection AT weesiej lettertotheeditortestinggametheoreticcomparativestaticsusingbayesianmodelselection |