Export to your Reference Manger

Please Copy & Paste



Bookmark and Share

Three very simple games and what it takes to solve them

[journal article]

Rydval, Ondrej; Ortmann, Andreas; Ostatnicky, Michal

fulltextDownloadDownload full text

(524 KByte)

Citation Suggestion

Please use the following Persistent Identifier (PID) to cite this document:http://nbn-resolving.de/urn:nbn:de:0168-ssoar-293919

Further Details
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 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.
Keywords experiment
Classification Social Psychology
Free Keywords Cognition; Bounded rationality; Belief; Guessing game
Document language English
Publication Year 2009
Page/Pages p. 589-601
Journal Journal of Economic Behavior & Organization, 72 (2009) 1
DOI http://dx.doi.org/10.1016/j.jebo.2009.05.011
Status Postprint; peer reviewed
Licence PEER Licence Agreement (applicable only to documents from PEER project)