Three Very Simple Games And What It Takes To Solve Them
Source: Charles University
The authors study experimentally the nature of dominance violations in three minimalist dominance-solvable guessing games. They examine how subjects' reported reasoning processes translate into their stated choices and beliefs about others' choices, and how both reasoning processes and choices relate to their measured cognitive and personality characteristics. Only about a third of subjects reason in line with dominance; they all make dominant choices and almost all expect others to do so. By contrast, nearly two-thirds of subjects reason inconsistently with dominance, yet a quarter of them actually make dominant choices and half of those expect others to do so.