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Beautiful Game Theory by Ignacio Palacios-Huerta

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3

LESSONS FOR EXPERIMENTAL DESIGN

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© TAWNG/STOCKFRESH

Nemo me impune lacessit.

—MOTTO OF THE ORDER OF THE THISTLE, SCOTLAND

The playing of games is dependent on abilities that game theory does not capture well, such as memory, the ability to process information and the quality of associations. The assimilation of these concepts constitutes one of the main challenges for the future.

—ARIEL RUBINSTEIN 2004

WE LEARNED IN CHAPTER 2 THAT WHEN THE EXACT QUESTION BEING ASKED IS mirrored in a laboratory experiment and the population being studied is the same as in the field, the outcomes from the experiment can be just as clear and informative. This result ...

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