Published March 19, 2012
| Version v1
Journal article
Test the principle of maximum entropy in constant sum 2×2 game: Evidence in experimental economics
- 1. Public Administration College, Zhejiang Gongshang University, Hangzhou, 310018 (China)
- 2. Experimental Social Science Laboratory, Zhejiang University, Hangzhou, 310058 (China)
- 3. Department of Physics, Zhejiang University, Hangzhou, 310027 (China)
Description
By using laboratory experimental data, we test the uncertainty of strategy type in various competing environments with two-person constant sum 2×2 game in the social system. It firstly shows that, in these competing game environments, the outcome of human's decision-making obeys the principle of the maximum entropy. -- Highlights: ► Test the uncertainty in two-person constant sum games with experimental data. ► On game level, the constant sum game fits the principle of maximum entropy. ► On group level, all empirical entropy values are close to theoretical maxima. ► The results can be different for the games that are not constant sum game.
Availability note (English)
Available from http://dx.doi.org/10.1016/j.physleta.2012.02.047Additional details
Identifiers
- DOI
- 10.1016/j.physleta.2012.02.047;
- arXiv
- arXiv:1111.2405v1;
- PII
- S0375-9601(12)00242-3;
Publishing Information
- Journal Title
- Physics Letters. A
- Journal Volume
- 376
- Journal Issue
- 16
- Journal Page Range
- p. 1318-1322
- ISSN
- 0375-9601
- CODEN
- PYLAAG
INIS
- Country of Publication
- Netherlands
- Country of Input or Organization
- International Atomic Energy Agency (IAEA)
- INIS RN
- 45056351
- Subject category
- S29: ENERGY PLANNING, POLICY AND ECONOMY; S71: CLASSICAL AND QUANTUM MECHANICS, GENERAL PHYSICS;
- Descriptors DEI
- DECISION MAKING; ECONOMICS; ENTROPY; ENVIRONMENT; HUMAN POPULATIONS; SOCIO-ECONOMIC FACTORS
- Descriptors DEC
- INSTITUTIONAL FACTORS; PHYSICAL PROPERTIES; POPULATIONS; THERMODYNAMIC PROPERTIES
Optional Information
- Copyright
- Copyright (c) 2012 Elsevier Science B.V., Amsterdam, The Netherlands, All rights reserved.