We analyze subjects' eye movements while they make decisions in a series of one-shot games. The majority of them perform a partial and selective analysis of the payoff matrix, often ignoring the payoffs of the opponent and/or paying attention only to specific cells. Our results suggest that...

The paper presents the concept of an imitation equilibrium and explores it in the context of some simple oligopoly models. The concept applies to normal form games enriched by a reference structure specifying a reference group for every player. The reference group is a set of other players, whom...

Many experimental studies deal with the comparison of two versions of one game for which agents' behavior is fundamentally different even though the Nash equilibrium is the same. This paper provides a novel approach to explain such findings. It uses the observation that many of these examples...