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  • 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-third of our 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.
  • 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-third of our 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. (en)
Title
  • Three very simple games and what it takes to solve them
  • Three very simple games and what it takes to solve them (en)
skos:prefLabel
  • Three very simple games and what it takes to solve them
  • Three very simple games and what it takes to solve them (en)
skos:notation
  • RIV/67985998:_____/09:00331497!RIV10-MSM-67985998
http://linked.open...avai/riv/aktivita
http://linked.open...avai/riv/aktivity
  • P(LC542), Z(AV0Z70850503), Z(MSM0021620846)
http://linked.open...iv/cisloPeriodika
  • 1
http://linked.open...vai/riv/dodaniDat
http://linked.open...aciTvurceVysledku
http://linked.open.../riv/druhVysledku
http://linked.open...iv/duvernostUdaju
http://linked.open...titaPredkladatele
http://linked.open...dnocenehoVysledku
  • 346301
http://linked.open...ai/riv/idVysledku
  • RIV/67985998:_____/09:00331497
http://linked.open...riv/jazykVysledku
http://linked.open.../riv/klicovaSlova
  • guessing games; cognition; bounded rationality (en)
http://linked.open.../riv/klicoveSlovo
http://linked.open...odStatuVydavatele
  • NL - Nizozemsko
http://linked.open...ontrolniKodProRIV
  • [BC4EFD5D3356]
http://linked.open...i/riv/nazevZdroje
  • Journal of Economic Behavior & Organization
http://linked.open...in/vavai/riv/obor
http://linked.open...ichTvurcuVysledku
http://linked.open...cetTvurcuVysledku
http://linked.open...vavai/riv/projekt
http://linked.open...UplatneniVysledku
http://linked.open...v/svazekPeriodika
  • 72
http://linked.open...iv/tvurceVysledku
  • Ortmann, Andreas
  • Rydval, Ondřej
  • Ostatnický, M.
http://linked.open...ain/vavai/riv/wos
  • 000271110900041
http://linked.open...n/vavai/riv/zamer
issn
  • 0167-2681
number of pages
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