Drift Effect under Timing without Observability: Experimental Evidence

We provide experimental evidence of [Binmore, K., Samuelson, L., 1999. Evolutionary drift and equilibrium selection. Review of Economic Studies 66, 363–393.] insights into modelling the process through which equilibrium is selected. They proposed the concept of drift to describe the effect of perturbations on the dynamic process leading to equilibrium in evolutionary games with boundedly rational agents.We test two versions of the modified Dalek game within a random-matched population. We also impose that the first mover chooses first (‘timing’) but the second mover is not informed of the first mover’s choice (‘lack of observability’) to emphasize the learning process taking place within the population. Our results support Binmore and Samuelson’s model.