Playing the Wrong Game: An Experimental Analysis of Relational Complexity and Strategic Misrepresentation
Playing the Wrong Game: An Experimental Analysis of Relational Complexity and Strategic Misrepresentation
复制标题
玩错游戏:关系复杂性和战略误传的实验分析
DOI:
10.2139/ssrn.806964
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发表时间:
2008
期刊:
影响因子:
--
通讯作者:
M. Warglien
中科院分区:
文献类型:
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作者:
Giovanna Devetag;M. Warglien
It has been suggested that players often produce simplified and/or misspecified mental models of strategic decisions [Kreps, D., 1990. Game Theory and Economic Modeling. Oxford Univ. Press, Oxford]. We submit that the relational structure of players' preferences in a game is a source of cognitive complexity, and may be an important driver of such simplifications. We provide a classification of order structures in two-person games based on the properties of monotonicity and projectivity, and present experiments in which subjects construct representations of games of different relational complexity and subsequently play the games according to these representations. Experimental results suggest that relational complexity matters. More complex games are harder to represent, and this difficulty seems correlated with short term memory capacity. In addition, most erroneous representations are simpler than the correct ones. Finally, subjects who misrepresent the games behave consistently with such representations, suggesting that in many strategic settings individuals may act optimally on the ground of simplified and mistaken premises.
DOI:
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发表时间:
2017
期刊:
--
影响因子:
--
作者:
M. Just;P. Carpenter
通讯作者:
M. Just;P. Carpenter