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.2012.02.047

Additional 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.