The Monty Hall Dilemma Revisited: Understanding the Interaction of Problem Definition and Decision Making
Peter Mueser and
Additional contact information
Donald Granberg: University of Missouri-Columbia
Experimental from EconWPA
We examine a logical decision problem, the "Monty Hall Dilemma," in which a large portion of sophisticated subjects insist on an apparently wrong solution. Although a substantial literature examines the structure of this problem, we argue that the extant analyses have not recognized the constellation of cues that guide respondents' answers. We show that insight into subjects' decisions may be obtained by considering problems with similar surface structure to the Monty Hall Dilemma but which are common in environments that they routinely face. In particular, we consider the problem modeled as a game in which actors have possibly opposing interests, and as an environment with information provided by an objective source. We present experimental evidence showing that these comparisons help to explain subject responses.
JEL-codes: C91 D12 D81 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cdm, nep-exp, nep-ind and nep-pol
Note: 59 pages (all pages numbered, including title page, abstract, two appendices, reference list, 8 text tables, and 2 appendix tables), WordPerfect version 6-8
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpex:9906001
Access Statistics for this paper
More papers in Experimental from EconWPA
Series data maintained by EconWPA ().