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Cognition and Behavior in Normal-Form Games: An Experimental Study

Abstract:

This paper reports experiments designed to study strategic sophistication, the extent to which behavior in games reflects attempts to predict others’ decisions, taking their incentives into account. We study subjects’ initial responses to normal-form games with various patterns of iterated dominance and unique pure-strategy equilibria without dominance, using a computer interface that allowed them to search for hidden payoff information, while recording their searches. Monitoring subjects’ in...

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Publisher copy:
10.1111/1468-0262.00239

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Journal:
Econometrica
Volume:
69
Issue:
5
Publication date:
2001-09-05
DOI:
URN:
uuid:ece1f977-97e2-4c98-aca6-e5c40ecea5a9
Local pid:
oai:economics.ouls.ox.ac.uk:14879
Language:
English

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