Representation effects in the centipede game.
We explore the effects on strategic behavior of alternative representations of a centipede game that differ in terms of complexity. In a laboratory experiment, we manipulate the way in which payoffs are presented to subjects in two different ways. In both cases, information is made less accessible r...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Public Library of Science (PLoS)
2018-01-01
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| Series: | PLoS ONE |
| Online Access: | http://europepmc.org/articles/PMC6171843?pdf=render |
| _version_ | 1818986673976901632 |
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| author | Paolo Crosetto Marco Mantovani |
| author_facet | Paolo Crosetto Marco Mantovani |
| author_sort | Paolo Crosetto |
| collection | DOAJ |
| description | We explore the effects on strategic behavior of alternative representations of a centipede game that differ in terms of complexity. In a laboratory experiment, we manipulate the way in which payoffs are presented to subjects in two different ways. In both cases, information is made less accessible relative to the standard representation of the game. Results show that these manipulations shift the distribution of take nodes further away from the equilibrium prediction. The evidence is consistent with the view that failures of game-form recognition and the resulting limits to strategic reasoning are crucial for explaining non-equilibrium behavior in the centipede game. |
| first_indexed | 2024-12-20T18:54:32Z |
| format | Article |
| id | doaj.art-5fab1056a68c45c495ac8512d9c2058d |
| institution | Directory Open Access Journal |
| issn | 1932-6203 |
| language | English |
| last_indexed | 2024-12-20T18:54:32Z |
| publishDate | 2018-01-01 |
| publisher | Public Library of Science (PLoS) |
| record_format | Article |
| series | PLoS ONE |
| spelling | doaj.art-5fab1056a68c45c495ac8512d9c2058d2022-12-21T19:29:33ZengPublic Library of Science (PLoS)PLoS ONE1932-62032018-01-011310e020442210.1371/journal.pone.0204422Representation effects in the centipede game.Paolo CrosettoMarco MantovaniWe explore the effects on strategic behavior of alternative representations of a centipede game that differ in terms of complexity. In a laboratory experiment, we manipulate the way in which payoffs are presented to subjects in two different ways. In both cases, information is made less accessible relative to the standard representation of the game. Results show that these manipulations shift the distribution of take nodes further away from the equilibrium prediction. The evidence is consistent with the view that failures of game-form recognition and the resulting limits to strategic reasoning are crucial for explaining non-equilibrium behavior in the centipede game.http://europepmc.org/articles/PMC6171843?pdf=render |
| spellingShingle | Paolo Crosetto Marco Mantovani Representation effects in the centipede game. PLoS ONE |
| title | Representation effects in the centipede game. |
| title_full | Representation effects in the centipede game. |
| title_fullStr | Representation effects in the centipede game. |
| title_full_unstemmed | Representation effects in the centipede game. |
| title_short | Representation effects in the centipede game. |
| title_sort | representation effects in the centipede game |
| url | http://europepmc.org/articles/PMC6171843?pdf=render |
| work_keys_str_mv | AT paolocrosetto representationeffectsinthecentipedegame AT marcomantovani representationeffectsinthecentipedegame |