Strategy Development Methods Question: Download Strategy Methods PDF
Give an introduction to strategy methods of trust worthy behavior?
Answer:
Experimental economists are increasingly using the strategy method for eliciting choices in laboratory and field experiments. Following this method, first subjects state contingent choices for every decision node they may face, then subjects are matched and finally, the appropriate choices are carried out for the nodes that are reached and the other contingent choices are ignored. This contrasts with the more natural game method, in which subjects are first matched, then subjects learn when specific decision nodes are reached and they make a single choice only for realized nodes.
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