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Cataloged Resource Summary

 

Title

Centipede Game

Author

Charles Holt

Category

Game Theory

Type

Experiment Software

Description

This program sets up a centipede game in which two players make a series of decisions in alternating order. At each stage in the series, the player who has the decision must choose to Stop or Continue. The process continues until one person chooses to stop or until the final stage is reached. Payoffs are determined by the stage in which the process stops. The person who chooses Stop earns more than the other person, but payoffs typically increase with successive stages.

URL

http://veconlab.econ.virginia.edu/cpg/cpg.php
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