Test the Principle of Maximum Entropy in Constant Sum 2x2 Game:Evidence in Experimental Economics

Details Test the Principle of Maximum Entropy in Constant Sum 2x2 Game:Evidence in Experimental Economics Test the Principle of Maximum Entropy in Constant Sum 2x2 Game:Evidence in Experimental Economics

2011-11-10

arxiv.org/abs/1111.2405v1

Physics

Physics and Society

6 pages, 3 figures

Scientific paper

Entropy serves as a central observable which indicates uncertainty in many chemical, thermodynamical, biological and ecological systems, and the principle of the maximum entropy (MaxEnt) is widely supported in natural science. Recently, entropy is employed to describe the social system in which human subjects are interacted with each other, but the principle of the maximum entropy has never been reported from this field empirically. By using laboratory experimental data, we test the uncertainty of strategy type in various competing environments with two person constant sum $2 \times 2$ game. Empirical evidence shows that, in this competing game environment, the outcome of human's decision-making obeys the principle of maximum entropy.

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