Feature-Based Choice and Similarity Perception in Normal-Form Games: An Experimental Study
Abstract
In this paper, we claim that agents confronting with new interactive situations apply behavioral heuristics that drastically reduce the problem complexity either by neglecting the other players’ incentives, or by restricting attention to subsets of “salient” outcomes. We postulate that these heuristics are sensitive to the manipulation of those features that can be modified without altering the (Nash) equilibrium structure of the game. We call...
Paper Details
Title
Feature-Based Choice and Similarity Perception in Normal-Form Games: An Experimental Study
Published Date
Dec 18, 2013
Journal
Volume
4
Issue
4
Pages
776 - 794
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