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We examine whether the predictions of minimax in zero-sum games holds under highly incentivized conditions with highly informed informed decision makers. We examine data from 3455 National Football League (NFL) games from the 2000 season through the 2012 season. We categorize every relevant play...
Persistent link: https://www.econbiz.de/10013046694
Duffy, Huttenlocher, Hedges, and Crawford (2010) [Psychonomic Bulletin & Review, 17(2), 224-230] report on experiments where participants estimate the lengths of lines. These studies were designed to test the Category Adjustment Model (CAM), a Bayesian model of judgments. CAM predicts that there...
Persistent link: https://www.econbiz.de/10014123437
The datasets from Duffy, Huttenlocher, Hedges, and Crawford (2010) [Psychonomic Bulletin & Review, 17(2), 224-230] were reanalyzed by Duffy and Smith (2018) [Psychonomic Bulletin & Review, 25(5), 1740-1750]. Duffy and Smith (2018) conclude that the datasets are not consistent with the category...
Persistent link: https://www.econbiz.de/10014105368
Kording and Wolpert (2004), hereafter referred to as KW, describe an experiment where subjects engaged in a repeated task entailing movements of their finger. Subjects strove for accuracy in the stochastic environment and, on some trials, received mid-trial and post-trial feedback. KW claims...
Persistent link: https://www.econbiz.de/10013235739
Prior studies have found that subjects prefer an improving sequence of income over a constant sequence, even if the constant sequence offers a larger present discounted value. However, little is known about how these preferences vary with the size of the wage payments. In each of our three...
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We find that differences in the ability to devote cognitive resources to a strategic interaction imply differences in strategic behavior. In our experiment, we manipulate the availability of cognitive resources by applying a differential cognitive load. In cognitive load experiments, subjects...
Persistent link: https://www.econbiz.de/10013068042
Standard choice experiments are hampered by the fact that utility is either unknown or imperfectly measured by experimenters. As a consequence, the inferences available to researchers are limited. By contrast, we design a choice experiment where the objects are valued according to only a single...
Persistent link: https://www.econbiz.de/10012838057