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Ask a question about: Experimental Economics
Respond to the question: What have we learned about the theory?

05/27/2011 04:53 AM by name withheld; plase help
i have a problem whit this task
Trading Company should provide 5 types of goods.
p - income from sale
l - a loss of storage. To determine the optimum allocation of supply
n=5
p1=p2=p3=p4=p5=40
l1=19 l2=18 l3=17 l4=16 l5=15. I know that is solved by matrix game

40 -19 -19 -19 -19
-18 40 -18 -18 -18
.
.
.
-15 -15 -15 -15 40, but then?
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01/04/2000 01:10 PM by David K. Levine; How does theory work in the laboratory?
Conventional economic theory posits a "Nash" equilibrium in which rational self-interested players have rational expectations about one anothers behavior. Does this theory hold up in the laboratory? There is overwhelming evidence [View full text and thread]