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Testing theories of behavior for extensive-form two-player two-stage games
Authors:Dale O Stahl  Ernan Haruvy
Institution:(1) Department of Economics, University of Texas at Austin, Austin, USA;(2) Department of Management, University of Texas at Dallas, Dallas, USA
Abstract:We examine choices in two-player extensive-form games that give subjects opportunities for individualistic as well as other-regarding behavior, and where each subject makes choices in a variety of games. Following an extensive search over models, where we estimate a single parameter vector for all the games rather than different parameter vectors for each game, we find that (1) the level-n model organizes the data well, (2) other-regarding behaviors in these games appear to consist primarily of egalitarian and utilitarian behaviors, and (3) there is no significant evidence for reciprocal behavior. Electronic Supplementary Material  The online version of this article () contains supplementary material, which is available to authorized users.
Keywords:Extensive-form games  Level-n            Other-regarding preferences
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