The Monty Hall Dilemma Revisited: Understanding the Interaction of Problem Definition and Decision Making
AbstractWe examine a logical decision problem, the "Monty Hall Dilemma," in which a large portion of sophisticated subjects insist on an apparently wrong solution. Although a substantial literature examines the structure of this problem, we argue that the extant analyses have not recognized the constellation of cues that guide respondents' answers. We show that insight into subjects' decisions may be obtained by considering problems with similar surface structure to the Monty Hall Dilemma but which are common in environments that they routinely face. In particular, we consider the problem modeled as a game in which actors have possibly opposing interests, and as an environment with information provided by an objective source. We present experimental evidence showing that these comparisons help to explain subject responses.
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Bibliographic InfoPaper provided by EconWPA in its series Experimental with number 9906001.
Length: 59 pages
Date of creation: 09 Jun 1999
Date of revision:
Note: 59 pages (all pages numbered, including title page, abstract, two appendices, reference list, 8 text tables, and 2 appendix tables), WordPerfect version 6-8
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Find related papers by JEL classification:
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
This paper has been announced in the following NEP Reports:
- NEP-ALL-1999-06-23 (All new papers)
- NEP-CDM-1999-06-23 (Collective Decision-Making)
- NEP-EXP-1999-06-23 (Experimental Economics)
- NEP-IND-1999-06-23 (Industrial Organization)
- NEP-POL-1999-06-23 (Positive Political Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Nalebuff, Barry, 1987. "Choose a Curtain, Duel-ity, Two Point Conversions, and More," Journal of Economic Perspectives, American Economic Association, vol. 1(2), pages 157-63, Fall.
- LeRoy, Stephen F & Singell, Larry D, Jr, 1987. "Knight on Risk and Uncertainty," Journal of Political Economy, University of Chicago Press, vol. 95(2), pages 394-406, April.
- Friedman, Daniel, 1998. "Monty Hall's Three Doors: Construction and Deconstruction of a Choice Anomaly," American Economic Review, American Economic Association, vol. 88(4), pages 933-46, September.
- Monty Hall problem in Wikipedia English ne '')
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- Парадокс Монти Холла in Wikipedia Russian ne '')
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- Monty Hallin ongelma in Wikipedia Finnish ne '')
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