The experimental results of the voluntary contribution game that contradict the predictions of game theory:
A) prove that game theory is wrong.
B) suggest very strongly that game theory is wrong.
C) could reflect incorrect assumptions about player's preferences.
D) have been refuted in subsequent economic experiments.

Question

Quizplus · Accepted Answer

The experimental results that contradict the predictions of game theory do not necessarily mean that game theory is wrong. It could simply mean that the assumptions about player's preferences in the particular game were incorrect. Therefore, choice C is the most accurate option. Option A is too extreme and cannot be proven with just one contradicting experiment. Option B is also too strong and lacks sufficient evidence to suggest that game theory is completely wrong. Option D is not accurate because there are still ongoing economic experiments that continue to support the concept of voluntary contribution game.

The Experimental Results of the Voluntary Contribution Game That Contradict