Test the Principle of Maximum Entropy in Constant Sum 2 X 2 Game: Evidence in Experimental Economics

Physics Letter A, Forthcoming

14 Pages Posted: 27 Feb 2012

See all articles by Bin Xu

Bin Xu

School of Economics, Zhejiang Gongshang University

Zhijian Wang

Zhejiang University - Experimental Social Science Laboratory

Hongen Zhang

affiliation not provided to SSRN

Zianbo Zhang

affiliation not provided to SSRN

Date Written: February 26, 2012

Abstract

By using laboratory experimental data, we test the uncertainty of strategy type in various competing environments with two person constant sum 2x2 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.

Keywords: maximum entropy principle, constant sum game, experimental economics

Suggested Citation

Xu, Bin and Wang, Zhijian and Zhang, Hongen and Zhang, Zianbo, Test the Principle of Maximum Entropy in Constant Sum 2 X 2 Game: Evidence in Experimental Economics (February 26, 2012). Physics Letter A, Forthcoming, Available at SSRN: https://ssrn.com/abstract=2011482

Bin Xu

School of Economics, Zhejiang Gongshang University ( email )

18 Xuezheng Street, Hangzhou
Hangzhou, Zhejiang 310018
China
15888897050 (Phone)

Zhijian Wang (Contact Author)

Zhejiang University - Experimental Social Science Laboratory ( email )

38 Zheda Road
312, Dongsan, Zijingang
Hangzhou 310027, Zhejiang 310058
China

HOME PAGE: http://socexp.zju.edu.cn

Hongen Zhang

affiliation not provided to SSRN

No Address Available

Zianbo Zhang

affiliation not provided to SSRN

No Address Available

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