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An eye-tracking study of feature-based choice in one-shot games

  • Giovanna Devetag

    ()

  • Sibilla Di Guida

    ()

  • Luca Polonio

    ()

We analyze subjects� eye movements while they make decisions in a series of one-shot games. The majority of them perform a partial and selective analysis of the payoff matrix, often ignoring the payoffs of the opponent and/or paying attention only to specific cells. Our results suggest that subjects apply boundedly rational decision heuristics that involve best responding to a simplification of the decision problem, obtained either by ignoring the other players� motivations or by considering them only for a subset of outcomes. Finally, we find a correlation between types of eye movements observed and choices in the games.

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Paper provided by Cognitive and Experimental Economics Laboratory, Department of Economics, University of Trento, Italia in its series CEEL Working Papers with number 1301.

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Date of creation: 2013
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Handle: RePEc:trn:utwpce:1301
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