Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/89336
Authors: 
Devetag, Giovanna
Di Guida, Sibilla
Polonio, Luca
Year of Publication: 
2013
Series/Report no.: 
LEM Working Paper Series 2013/05
Abstract: 
We analyze subjects' eye movements while they make decisions in a series of one-shot games. The majority of them perform a partial and selective analysis of the payoff matrix, often ignoring the payoffs of the opponent and/or paying attention only to specific cells. Our results suggest that subjects apply boundedly rational decision heuristics that involve best responding to a simplification of the decision problem, obtained either by ignoring the other players' motivations or by considering them only for a subset of outcomes. Finally, we find a correlation between types of eye movements observed and choices in the games.
Subjects: 
one-shot games
eye-tracking
similarity
categorization
focal points
individual behavior
experimental economics
behavioral economics
JEL: 
C72
C91
D01
D83
Document Type: 
Working Paper

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