We study experimentally a new two-player game: each player requests an amount between 11 and 20 shekels. He receives the requested amount and if he requests exactly one shekel less than the other player, he receives an additional 20 shekels. Level-k reasoning is appealing due to the natural...

We introduce a novel decision procedure involving multi-dimensional iterative reasoning, in which a player decides separately on the various features of his strategy using an iterative process. This type of strategic reasoning fits a range of complicated situations in which a player faces a...

A strategic (round-robin) tournament is a simultaneous n-player game built on top of a symmetric two-player game G. Each player chooses one action in G and is matched to play G against all other players. The winner of the tournament is the player who achieves the highest total G-payoff. The...

Previous studies have found evidence for the belief that actions which tempt fate increase the likelihood of negative outcomes. These included actions that presuppose a good outcome, that reflect hubris or that involve excessive risk taking. This paper explores a related form of magical thinking...

In many circumstances, evaluations are based on empirical data. However, some observations may be imprecise, meaning that it is not entirely clear what occurred in them. We address the question of how beliefs are formed in these situations. The individual in our model is essentially a...

This paper demonstrates experimentally that the mere fact that an alternative was chosen in the past increases the likelihood that it will be re-chosen in the future, when new alternatives are being offered. The experimental design consists of a new variation of the free-choice paradigm that is...