Does seeing more deeply into a game increase one’s chances of winning?

The substantively rational value of the games studied in this paper does not help predict subject performance in the experiment at all. An accurate model must account for the cognitive ability of the people playing the game. This paper investigates whether the variation in measured rationality bound...

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Bibliographic Details
Published in:Experimental economics : a journal of the Economic Science Association 2006-09, Vol.9 (3), p.297-303
Main Authors: McKinney, C. Nicholas, Van Huyck, John B.
Format: Article
Language:English
Subjects:
Algorithms
Behavioral sciences
Bounded rationality
Correlation analysis
Economic behaviour
Economic models
Experiments
Game theory
Games
Games of strategy
Microeconomics
Rationality
Studies
User interface
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Summary:The substantively rational value of the games studied in this paper does not help predict subject performance in the experiment at all. An accurate model must account for the cognitive ability of the people playing the game. This paper investigates whether the variation in measured rationality bounds is correlated with the probability of winning when playing against another person in games that exceed both players' estimated rationality bound. Does seeing deeper into a game matter when neither player can see to the end of the game? Subjects with higher measured bounds win 63 percent of the time and the larger the difference the more frequently they win. [PUBLICATION ABSTRACT]
ISSN:1386-4157
1573-6938
DOI:10.1007/s10683-006-9129-x