2013/06/10 by Zhijian Wang, Wang, Zhijian
Decision Sciences · Economics, Econometrics and Finance · Mathematics · Social Sciences · #Applications (stat.AP) #Economic theories and models #Evolutionary Game Theory and Cooperation #FOS: Computer and information sciences #Game Theory and Applications #stat.AP
paper · pdf · doi:10.48550/arxiv.1306.2250
7 Page, 3 Figure; keywords: experimental economics; angular momentum; period by period transition; social motion; stochastic averaging method; tumbling cycle
openalex publication_date 2013/06/10 · arxiv created 2013/08/23 · arxiv updated 2013/08/26 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28
TASP (Time Average Shapley Polygon, Bena\=ım, Hofbauer and Hopkins, Journal of Economic Theory, 2009), as a novel evolutionary dynamics model, predicts that a game could converge to cycles instead of fix points (Nash equilibria). To verify TASP theory, using the four strategy Dekel-Scotchmer games (Dekel and Scotchmer, Journal of Economic Theory, 1992), four experiments were conducted (Cason, Friedman and Hopkins, Journal of Economic Theory, 2010), in which, however, reported no evidence of cycles (Cason, Friedman and Hopkins, The Review of Economic Studies, 2013). We reanalysis the four experiment data by testing the stochastic averaging of angular momentum in period-by-period transitions of the social state. We find, the existence of persistent cycles in Dekel-Scotchmer game can be confirmed. On the cycles, the predictions from evolutionary models had been supported by the four experiments.