Games and experimental games are valuable research tools in studying the common pool resources. Researchers can choose from a variety of existing designs. Still, some investigations may require creating new experimental procedures or modifying existing ones by changing parameters and adding new elements. Such modifications require calibration, which can become more difficult as the complexity of the games increases.
The presentation showcases the current version of the tool designed to aid in the calibration of the experimental designs. The approach, based on the Bellman equation, does not depend on the model type or payoff function. Therefore, the method can be easily adapted for a wide range of experimental procedures and provide information about the socially optimal use of the resource as well as the Nash equilibrium. The design of the tool supports the easy addition of new models.
The presented sample results of the analysis are based on experimental designs already established in the field. They outline the potential of the tool as they demonstrate its use in the calibration and sensitivity analysis of the procedures.
Finally, the presentation outlines the potential additions and extensions to the tool that broaden its usefulness for various mechanisms used in experimental designs available for the researchers.
