Testing theories of behavior for extensive-form two-player two-stage games
ABSTRACT We examine choices in two-player extensive-form games that give subjects opportunities for individualistic as well as other-regarding
behavior, and where each subject makes choices in a variety of games. Following an extensive search over models, where we
estimate a single parameter vector for all the games rather than different parameter vectors for each game, we find that (1)
the level-n model organizes the data well, (2) other-regarding behaviors in these games appear to consist primarily of egalitarian and
utilitarian behaviors, and (3) there is no significant evidence for reciprocal behavior.