An Eye-Tracking Study of Feature-Based Choice in One-Shot Games

Giovanna Devetag, Sibilla Di Guida and Luca Polonio

Working Papers ECARES from ULB -- Universite Libre de Bruxelles

Abstract: 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.

Keywords: one-shot games; eye-tracking; similarity; categorization; focal points; experimental economics; individual behavior; behavioral economics (search for similar items in EconPapers)
JEL-codes: C72 C91 D01 D83 (search for similar items in EconPapers)
Pages: 53 p.
Date: 2013-01
New Economics Papers: this item is included in nep-cbe, nep-evo, nep-exp, nep-gth and nep-neu
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: An eye-tracking study of feature-based choice in one-shot games (2016)
Working Paper: An eye-tracking study of feature-based choice in one-shot games (2016)
Working Paper: An eye-tracking study of feature-based choice in one-shot games (2013)
Working Paper: An eye-tracking study of feature-based choice in one-shot games (2013)
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