المستودع الأكاديمي جامعة المدينة

Hot vs. Cold: Sequential Responses and Preference Stability in Experimental Games

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dc.creator Brandts, Jordi
dc.creator Charness, Gary
dc.date 2007-11-06T13:08:17Z
dc.date 2007-11-06T13:08:17Z
dc.date 1998-08
dc.date.accessioned 2017-01-31T00:58:13Z
dc.date.available 2017-01-31T00:58:13Z
dc.identifier http://hdl.handle.net/10261/1936
dc.identifier.uri http://dspace.mediu.edu.my:8181/xmlui/handle/10261/1936
dc.description In experiments with two-person sequential games we analyze whether responses to favorable and unfavorable actions depend on the elicitation procedure. In our “hot” treatment the second player responds to the first player’s observed action while in our “cold” treatment we follow the “strategy method” and have the second player decide on a contingent action for each and every possible first player move, without first observing this move. Our analysis centers on the degree to which subjects deviate from the maximization of their pecuniary rewards, as a response to others’ actions. Our results show no difference in behavior between the two treatments. We also find evidence of the stability of subjects’ preferences with respect to their behavior over time and to the consistency of their choices as first and second mover.
dc.description Financial support for this project was provided by the Spanish DGCICYT (PB93-0679 and PB94-0663-CO3-01) and the Spanish Ministry Education grant D101-7715.
dc.language eng
dc.relation UFAE and IAE Working Papers
dc.relation 424.98
dc.rights openAccess
dc.subject Strategy method
dc.subject Experiment
dc.subject Preference stability
dc.subject Sequential responses
dc.subject Leex
dc.title Hot vs. Cold: Sequential Responses and Preference Stability in Experimental Games
dc.type Documento de trabajo


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