Alejos, Espinosa; Paz, María; Brañas Garza, Pablo; … - Departamento de Fundamentos del Análisis Económico … - 2010
This paper uses subjects٠self-reported justifications to explain discrepancies between observed heterogeneous behavior and the unique equilibrium prediction in a one-shot travelerٳ dilemma experiment (TD). Principal components (PC) analysis suggests that iterative reasoning, aspiration levels,...