Table IX shows predicted betting rates (for τ = 1.5) and Sovik
[2000]’s first-round data.[^18] The model does not track differences in betting rates across the three ambiguous information states particularly well, but it is an obvious impr…The research question is whether players use the nominal payoff, or act as if they calculated real payoffs. If players use real payoffs and are in equilibrium, they will either choose prices of 11 and 14 (depending on which of two cost stru…
Sovik
scientist · 2 mentions across 1 reading
In this course
Sovik appears to be an experimental economist whose 2000 work on first-round betting behavior provides empirical data against which decision-making models are tested in these readings. The excerpts position Sovik's findings as a benchmark for comparing theoretical predictions (like Nash equilibrium) against observed player behavior in games with ambiguous information, helping the course materials evaluate how well computational models capture actual human economic decision-making rather than idealized rational outcomes.
Mentioned in 1 reading
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