An eye-tracking study of feature-based choice in one-shot games

Arbeitspapier

We analyze subjects' eye movements while they make decisions in a series of one-shot games. The majority of them perform a partial and selective analysis of the payoff matrix, often ignoring the payoffs of the opponent and/or paying attention only to specific cells. Our results suggest that subjects apply boundedly rational decision heuristics that involve best responding to a simplification of the decision problem, obtained either by ignoring the other players' motivations or by considering them only for a subset of outcomes. Finally, we find a correlation between types of eye movements observed and choices in the games.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: LEM Working Paper Series ; No. 2013/05

Classification and Topics

• Classification: Wirtschaft ; Noncooperative Games ; Design of Experiments: Laboratory, Individual ; Microeconomic Behavior: Underlying Principles ; Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
• Subject: one-shot games ; eye-tracking ; similarity ; categorization ; focal points ; individual behavior ; experimental economics ; behavioral economics

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Devetag, Giovanna ; Di Guida, Sibilla ; Polonio, Luca
• Event: Veröffentlichung
• (who): Scuola Superiore Sant'Anna, Laboratory of Economics and Management (LEM)
• (where): Pisa
• (when): 2013

Further information

• Handle: http://hdl.handle.net/10419/89336
• Last update: 10.03.2025, 11:44 AM CET