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Three very simple games and what it takes to solve them
[Zeitschriftenartikel]
Abstract We study experimentally the nature of dominance violations in three minimalist dominance-solvable guessing games. Only about a third of our subjects report reasoning consistent with dominance; they all make dominant choices and almost all expect others to do so. Nearly two-thirds of subjects report ... mehr
We study experimentally the nature of dominance violations in three minimalist dominance-solvable guessing games. Only about a third of our subjects report reasoning consistent with dominance; they all make dominant choices and almost all expect others to do so. Nearly two-thirds of subjects report reasoning inconsistent with dominance, yet a quarter of them actually make dominant choices and half of those expect others to do so. Reasoning errors are more likely for subjects with lower working memory, intrinsic motivation and premeditation attitude. Dominance-incompatible reasoning arises mainly from subjects misrepresenting the strategic nature (payoff structure) of the guessing games.... weniger
Thesaurusschlagwörter
Experiment
Klassifikation
Sozialpsychologie
Freie Schlagwörter
Cognition; Bounded rationality; Belief; Guessing game
Sprache Dokument
Englisch
Publikationsjahr
2009
Seitenangabe
S. 589-601
Zeitschriftentitel
Journal of Economic Behavior & Organization, 72 (2009) 1
DOI
https://doi.org/10.1016/j.jebo.2009.05.011
Status
Postprint; begutachtet (peer reviewed)
Lizenz
PEER Licence Agreement (applicable only to documents from PEER project)