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Experiment ResultsDating Game
Presented by Doug Chung
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Introduction
► Question addressed How fast How strategic Rational expectation / Nash Absolute / Relative Risk aversion
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Introduction
► Motivation Group dating cases in Korea during the nineties Analysis of strategic behavior Signaling
► Matching problem Full information case Different payoffs Asymmetric Information case
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Previous Literature
► Gale & Shapley (1962) Assigning applicants to colleges
► Mertens & Zamir (1971) Two-person zero sum games and asymmetric information
► Kelso & Crawford (1982) Labor market matching
► Ackerberg & Botticini (2002) Endogenous matching – principal & agent
► Sorensen (2003) Venture capital / firm matching
► Choo & Siow (2006) Marriage matches
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Experimental Design
► Cohort 4 person group that played each other
► Participants Undergraduate / Graduate students at Yale University – Ex2 Yale Korean Graduate Student Association – Ex1, Ex2, Ex3 Korean Military Acadamy Alumni Association at Texas A&M
Univeristy – Ex1, Ex2, Ex3 Total number of participants: 32
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Experimental Design
► Experiment 1 (Perfect Information) Payoff matrix
Girl-High Girl-Low
Boy-High (4, 4) (2, 4)
Boy-Low (4, 2) (2, 2)
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Experimental Design
► Experiment 1 (Perfect Information)
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Experimental Design
► Experiment 1 (Perfect Information) cont’
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Experimental Design
► Experiment 2 (Uncertainty) Payoff matrix
Girl-High Girl-Low
Boy-High (4, 4) (0, 4)
Boy-Low (4, 0) (0, 0)
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► Experiment 2 (Uncertainty)
Experimental Design
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► Experiment 2 (Uncertainty) cont’
Experimental Design
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Experimental Design
► Experiment 3 (United we stand) Payoff matrix
Boy1 Girl-High 4
Boy2 Girl-Low 2
Boy1 Girl-High 0
Boy2 Girl-High 0
Boy1 Girl-Low 0
Boy2 Girl-Low 0
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► Experiment 3 (United we stand)
Experimental Design
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► Experiment 3 (United we stand) cont’
Experimental Design
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Thank You