The Effects of Common Advice on One-shot Traveler’s Dilemma Games: Explaining Behavior through an Introspective Model with Errors

C. Monica Capra, Susana Cabrera and Rosario Gómez ()
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Susana Cabrera: Universidad de Málaga, http://www.uma.es
Rosario Gómez: Universidad de Málaga

No E2003/17, Economic Working Papers at Centro de Estudios Andaluces from Centro de Estudios Andaluces

Abstract: We report results of single interaction Traveler’s Dilemma game experiments with and without expert advice to test the robustness of a model of noisy introspection. The model describes an out-of-equilibrium process with errors by which players reach a decision of what to do in strategic situations. By tracing the process by which players determine what to do, one can find a prediction for single interaction games. Simulations show that the model’s predictions are consistent with experimental data.

Keywords: game theory; introspection; experiments; simulations; noisy behavior. (search for similar items in EconPapers)
JEL-codes: C63 C72 C92 (search for similar items in EconPapers)
Pages: 54 pages
Date: 2003
New Economics Papers: this item is included in nep-exp and nep-gth
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:cea:doctra:e2003_17

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