Three Very Simple Games and What It Takes to Solve Them

Ondrej Rydval (), Andreas Ortmann and Michal Ostatnicky

Post-Print from HAL

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.

Keywords: C72; C92; D83; Cognition; Bounded rationality; Belief; Guessing game; Experiment (search for similar items in EconPapers)
Date: 2009-05-22
Note: View the original document on HAL open archive server: https://hal.science/hal-00699927v1
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (30)

Published in Journal of Economic Behavior and Organization, 2009, 72 (1), pp.589. ⟨10.1016/j.jebo.2009.05.011⟩

Downloads: (external link)
https://hal.science/hal-00699927v1/document (application/pdf)

Related works:
Journal Article: Three very simple games and what it takes to solve them (2009)
Working Paper: Three Very Simple Games and What It Takes to Solve Them (2008)
Working Paper: Three Very Simple Games and What It Takes to Solve Them (2007)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00699927

DOI: 10.1016/j.jebo.2009.05.011

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().