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\Isn't everyone like me?": On the presence of self-similarity in strategic interactions

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  • Ruinstein, Ariel
  • Salant, Yuval

Abstract

After playing the Chicken game against an anonymous random opponent, players report their beliefs about their opponent's action. It is argued that the reported beliefs are not consistent with the standard theory of rational choice, which predicts a negative correlation between a player's action in the Chicken game and the probability he assigns to his opponent choosing the same action. It is also argued that the reported beliefs are in uenced by self-similarity considerations, whereby a player tends to think that other players behave similarly to him, and thus reports beliefs that gravitate toward his own action. Self-similarity considerations are stronger when players are asked about the distribution of actions in the population of potential opponents than when they are asked about their particular opponent.

Suggested Citation

  • Ruinstein, Ariel & Salant, Yuval, 2015. "\Isn't everyone like me?": On the presence of self-similarity in strategic interactions," Foerder Institute for Economic Research Working Papers 275834, Tel-Aviv University > Foerder Institute for Economic Research.
    • Handle: RePEc:ags:isfiwp:275834
    DOI: 10.22004/ag.econ.275834
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    References listed on IDEAS

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    1. Segal, Uzi, 1993. "The Measure Representation: A Correction," Journal of Risk and Uncertainty, Springer, vol. 6(1), pages 99-107, January.
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    Cited by:

    1. Folli, Dominik & Wolff, Irenaeus, 2022. "Biases in belief reports," Journal of Economic Psychology, Elsevier, vol. 88(C).
    2. Ali Al-Nowaihi & Sanjit Dhami, 2015. "Evidential Equilibria: Heuristics and Biases in Static Games of Complete Information," Games, MDPI, vol. 6(4), pages 1-40, November.
    3. Dominik Bauer & Irenaeus Wolff, 2018. "Biases in Beliefs: Experimental Evidence," TWI Research Paper Series 109, Thurgauer Wirtschaftsinstitut, Universität Konstanz.
    4. Bauer, Dominik & Wolff, Irenaeus, 2019. "Biases in Beliefs," VfS Annual Conference 2019 (Leipzig): 30 Years after the Fall of the Berlin Wall - Democracy and Market Economy 203601, Verein für Socialpolitik / German Economic Association.

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