Recombinant estimation for normal-form games, with applications to auctions and bargaining
CH Mullin, DH Reiley - Games and Economic Behavior, 2006 - Elsevier
When analyzing economic games, researchers frequently estimate quantities describing
group outcomes, such as the expected revenue in an auction. For such applications, we
propose an improved statistical estimation technique called “recombinant estimation.” The
technique takes observations of players' strategies and recombines them to compute all
possible group outcomes that could have resulted from different player combinations. In
applications to an auction and a bargaining game, the improved efficiency of our estimator is …
group outcomes, such as the expected revenue in an auction. For such applications, we
propose an improved statistical estimation technique called “recombinant estimation.” The
technique takes observations of players' strategies and recombines them to compute all
possible group outcomes that could have resulted from different player combinations. In
applications to an auction and a bargaining game, the improved efficiency of our estimator is …
Recombinant estimation for normal-form games, with applications to auctions and bargaining
D Reiley, CH Mullin - 2000 - econpapers.repec.org
In empirical analysis of economic games, researchers frequently wish to estimate quantities
describing group outcomes, such as the expected revenue in an auction or the mean
allocative efficiency in a market experiment. For such applications, we propose an improved
statistical estimation technique called" recombinant estimation." The technique takes
observations of the complete strategy of each player and recombines them to compute all
the possible group outcomes which could have resulted from different matches of players …
describing group outcomes, such as the expected revenue in an auction or the mean
allocative efficiency in a market experiment. For such applications, we propose an improved
statistical estimation technique called" recombinant estimation." The technique takes
observations of the complete strategy of each player and recombines them to compute all
the possible group outcomes which could have resulted from different matches of players …
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