Do individuals use backward induction in dynamic optimization problems? An experimental investigation

被引：5

作者：

Aymard, S ^{[1
]}

Serra, D ^{[1
]}

机构：

[1] Univ Montpellier 1, LAMETA, Fac Sci Econ, F-34054 Montpellier, France

来源：

ECONOMICS LETTERS | 2001年 / 73卷 / 03期

关键词：

optimization; backward induction; experiments;

D O I：

10.1016/S0165-1765(01)00500-6

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this paper, we examine the behaviors of individuals faced with decision situations in which they have to make intertemporal choices. We observe that the temporal structure of actual behavior qualitatively corresponds to the one of the theoretical structures. Individuals also improve their scores with repetition. These results show that the concept of backward induction seems empirically valid. (C) 2001 Elsevier Science B.V. All rights reserved.

引用

页码：287 / 292

页数：6