A modified Monty Hall problem

Wei Chen and Joseph Wang

Theory and Decision, 2020, vol. 89, issue 2, No 3, 156 pages

Abstract: Abstract We conduct a laboratory experiment using the Monty Hall problem to study how simplified examples improve learning behavior and correct irrational choices in probabilistic situations. In particular, we show that after experiencing a simplified version of the MHP (the 100-door version), subjects perform better in the MHP (the 3-door version), compared to the control group who only experienced the 3-door version. Our results suggest that simplified examples strongly induces learning.

Keywords: Bayesian updating; Problem of three prisoners; Laboratory experiments (search for similar items in EconPapers)
Date: 2020
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DOI: 10.1007/s11238-020-09757-1

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