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Three very simple games and what it takes to solve them


Rydval, Ondrej; Ortmann, Andreas; Ostatnicky, Michal


Bitte beziehen Sie sich beim Zitieren dieses Dokumentes immer auf folgenden Persistent Identifier (PID):http://nbn-resolving.de/urn:nbn:de:0168-ssoar-293919

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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.
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 http://dx.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)