Does seeing more deeply into a game increase oneâ€™s chances of winning?
AbstractThe substantively rational value of the games studied in this paper does not help predict subject performance in the experiment at all. An accurate model must account for the cognitive ability of the people playing the game. This paper investigates whether the variation in measured rationality bounds is correlated with the probability of winning when playing against another person in games that exceed both playersâ€™ estimated rationality bound. Does seeing deeper into a game matter when neither player can see to the end of the game? Subjects with higher measured bounds win 63 percent of the time and the larger the difference the more frequently they win. Copyright Economic Science Association 2006
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Bibliographic InfoArticle provided by Springer in its journal Experimental Economics.
Volume (Year): 9 (2006)
Issue (Month): 3 (September)
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Web page: http://www.springerlink.com/link.asp?id=102888
Bounded rationality; Perfect information; Nim; Human behavior; Experiment;
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"A backward induction experiment,"
34, Wisconsin Madison - Social Systems.
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- Aumann, Robert J., 1996. "Reply to Binmore," Games and Economic Behavior, Elsevier, vol. 17(1), pages 138-146, November.
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