Arbeitspapier
Cognition and behavior in two-person guessing games: An experimental study
This paper reports experiments that elicit subjects' initial responses to 16 dominancesolvable two-person guessing games. The structure is publicly announced except for varying payoff parameters, to which subjects are given free access, game by game, through an interface that records their information searches. Varying the parameters allows strong separation of the behavior implied by leading decision rules and makes monitoring search a powerful tool for studying cognition. Many subjects' decisions and searches show clearly that they understand the games and seek to maximize their payoffs, but have boundedly rational models of others' decisions, which lead to systematic deviations from equilibrium.
- Sprache
-
Englisch
- Erschienen in
-
Series: ISER Discussion Paper ; No. 613
- Klassifikation
-
Wirtschaft
Noncooperative Games
Design of Experiments: Laboratory, Group Behavior
Model Construction and Estimation
- Thema
-
noncooperative games
experimental economics
guessing games
bounded rationality
strategic sophistication
cognition
information search
Informationsversorgung
Beschränkte Rationalität
Test
Nichtkooperatives Spiel
Kognition
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Costa-Gomes, Miguel A.
Crawford, Vincent P.
- Ereignis
-
Veröffentlichung
- (wer)
-
Osaka University, Institute of Social and Economic Research (ISER)
- (wo)
-
Osaka
- (wann)
-
2004
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Costa-Gomes, Miguel A.
- Crawford, Vincent P.
- Osaka University, Institute of Social and Economic Research (ISER)
Entstanden
- 2004