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There are many important decision problems where learning through experimentation is costly or impossible. In these … degree of bias due to selection neglect increases when other decision makers become more informed, or become more rational …
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We introduce the notion of strategic awareness in experimental games which captures the idea that subjects realize they are playing a game and thus have to form beliefs about others’ actions. The concept differs from both, rule understanding and rationality. We then turn to experimental...
Persistent link: https://www.econbiz.de/10011297725
We introduce the notion of strategic awareness in experimental games which captures the idea that subjects realize they are playing a game and thus have to form beliefs about others' actions in order to play well. The concept differs from both, rule understanding and rationality. We then turn to...
Persistent link: https://www.econbiz.de/10009768997
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We analyse behavior in lottery choice problems that assign payoffs to the decision maker and one other subject …
Persistent link: https://www.econbiz.de/10014044807
We study how subjects in an experiment use different forms of public information about their opponents' past behavior …
Persistent link: https://www.econbiz.de/10011437784