Investigating the failure to best respond in experimental games

Investigating the failure to best respond in experimental games
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调查实验游戏中未能做出最佳反应的情况

DOI:
10.1007/s10683-021-09725-8
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发表时间:
2021
影响因子:
2.3
通讯作者:
Alempaki D
Alempaki D
中科院分区:
经济学2区
文献类型:
--
作者:
Alempaki D

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我们使用8个两人3 × 3一次性游戏来研究战略复杂性。为了促进战略思维,我们设计了一个“结构化”的环境,受试者首先分配主观价值的回报对,并说明他们的信念,他们的对手的可能的战略,然后选择自己的战略,根据这些审议。我们的研究结果表明,大多数的策略选择是不一致的均衡预测,只有刚刚超过一半的策略选择构成的最佳反应,受试者的陈述信念。考虑到其他方面的因素,最佳反应显著增加,但增加的幅度相当小。我们进一步比较了模式的战略与那些在一个“非结构化”的环境中,受试者没有专门针对战略思考。我们的数据表明,构建决策前的审议过程并不影响战略的复杂性。
We examine strategic sophistication using eight two-person 3 × 3 one-shot games. To facilitate strategic thinking, we design a ‘structured’ environment where subjects first assign subjective values to the payoff pairs and state their beliefs about their counterparts’ probable strategies, before selecting their own strategies in light of those deliberations. Our results show that a majority of strategy choices are inconsistent with the equilibrium prediction, and that only just over half of strategy choices constitute best responses to subjects’ stated beliefs. Allowing for other-regarding considerations increases best responding significantly, but the increase is rather small. We further compare patterns of strategies with those made in an ‘unstructured’ environment in which subjects are not specifically directed to think strategically. Our data suggest that structuring the pre-decision deliberation process does not affect strategic sophistication.
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