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Crawford, Vincent P., and
Nagore Iriberri. 2007. "Fatal Attraction: Salience, Naïveté, and Sophistication in Experimental "Hide-and-Seek" Games."
,
97(5): 1731-1750.
Show Article Details
DOI: 10.1257/aer.97.5.1731
Abstract:"Hide-and-seek" games are zero-sum two-person games in which one player wins
by matching the other's decision and the other wins by mismatching. Although such
games are often played on cultural or geographic "landscapes" that frame decisions
nonneutrally, equilibrium ignores such framing. This paper reconsiders the
results of experiments by Rubinstein, Tversky, and others whose designs model
nonneutral landscapes, in which subjects deviate systematically from equilibrium
in response to them. Comparing alternative explanations theoretically and econometrically
suggests that the deviations are well explained by a structural nonequilibrium
model of initial responses based on "level-k" thinking, suitably adapted to
nonneutral landscapes. (JEL C72, C92)
Additional links:
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Link to Appendix
Authors:
Crawford, Vincent P. (University of California, San Diego)
Iriberri, Nagore (Universitat Pompeu Fabra)
JEL Classifications:
C72: Noncooperative Games
C92: Design of Experiments: Laboratory, Group Behavior
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