On the relevance of irrelevant strategies

The experimental literature on individual choice has repeatedly documented how seemingly-irrelevant options systematically shift decision-makers’ choices. However, little is known about such effects in strategic interactions. We experimentally examine whether adding seemingly-irrelevant strategies,...

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Veröffentlicht in:Experimental economics : a journal of the Economic Science Association 2023-11, Vol.26 (5), p.1142-1184
Hauptverfasser: Arad, Ayala, Bachi, Benjamin, Maltz, Amnon
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Bachi, Benjamin
Maltz, Amnon
description The experimental literature on individual choice has repeatedly documented how seemingly-irrelevant options systematically shift decision-makers’ choices. However, little is known about such effects in strategic interactions. We experimentally examine whether adding seemingly-irrelevant strategies, such as a dominated strategy or a duplicate of an existing strategy, affects players’ behavior in simultaneous games. In coordination games, we find that adding a dominated strategy increases the likelihood that players choose the strategy which dominates it, and duplicating a strategy increases its choice share; The players’ opponents seem to internalize this behavior and best respond to it. In single-equilibrium games, these effects disappear. Consequently, we suggest that irrelevant strategies affect behavior only when they serve a strategic purpose. We discuss different theoretical approaches that accommodate the effect of salience and may explain our findings.
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subjects Behavior
Behavioral/Experimental Economics
Coordination
Decision makers
Economic theory
Economic Theory/Quantitative Economics/Mathematical Methods
Economics
Economics and Finance
Equilibrium
Game Theory
Games
Microeconomics
Operations Research/Decision Theory
Social and Behav. Sciences
Towns
title On the relevance of irrelevant strategies
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