EconPapers    
Economics at your fingertips  
 

Hot vs. Cold: Sequential Responses and Preference Stability in Experimental Games

Jordi Brandts and Gary Charness

Experimental Economics, 2000, vol. 2, issue 3, 227-238

Abstract: In experiments with two-person sequential games we analyze whether responses to favorable and unfavorable actions depend on the elicitation procedure. In our “hot” treatment the second player responds to the first player's observed action while in our “cold” treatment we follow the “strategy method” and have the second player decide on a contingent action for each and every possible first player move, without first observing this move. Our analysis centers on the degree to which subjects deviate from the maximization of their pecuniary rewards, as a response to others' actions. Our results show no difference in behavior between the two treatments. We also find evidence of the stability of subjects' preferences with respect to their behavior over time and to the consistency of their choices as first and second mover. Copyright Kluwer Academic Publishers 2000

Keywords: experiments; cooperation; strategy method (search for similar items in EconPapers)
Date: 2000
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (239)

Downloads: (external link)
http://hdl.handle.net/10.1023/A:1009962612354 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Hot Vs. Cold: Sequential Responses and Preference Stability in Experimental Games (1998)
Working Paper: Hot vs. Cold: Sequential Responses and Preference Stability in Experimental Games (1998) Downloads
Working Paper: Hot vs. cold: Sequential responses and preference stability in experimental games (1998) Downloads
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:kap:expeco:v:2:y:2000:i:3:p:227-238

Ordering information: This journal article can be ordered from
http://www.springer. ... ry/journal/10683/PS2

DOI: 10.1023/A:1009962612354

Access Statistics for this article

Experimental Economics is currently edited by David J. Cooper, Lata Gangadharan and Charles N. Noussair

More articles in Experimental Economics from Springer, Economic Science Association Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla (sonal.shukla@springer.com) and Springer Nature Abstracting and Indexing (indexing@springernature.com).

 
Page updated 2025-03-22
Handle: RePEc:kap:expeco:v:2:y:2000:i:3:p:227-238