Behavioral game theory, the alternative traveler’s dilemma and payoff maximization

  • Rodrigo Moro Departamento de Humanidades, Universidad Nacional del Sur
  • Esteban Freidin Centro de Recursos Naturales Renovables de la Zona Semiárida / CONICET
  • Fernando Tohmé Departamento de Economía, Universidad Nacional del Sur / CONICET
  • Marcelo Auday Departamento de Humanidades, Universidad Nacional del Sur

Abstract

Within the area of Behavioral game theory, we focus on a specific context, namely, on a game we called the Alternative traveler’s dilemma. In this context, we observe that participants tend to choose strictly dominated strategies. In order to explain similar tendencies in other games, researchers in the area have postulated either cognitive biases or motivational factors. We postulate a psychological factor called “goal accessibility bias” to explain the tendencies at stake. This factor involves both cognitive and motivational aspects. We survey a series of experimental results that favor such an explanation over more frugal alternatives.
Keywords Game theory, Experiments, Maximization, Alternative traveler’s dilemma, Goals
Compartir
How to Cite
Moro, R., Freidin, E., Tohmé, F., & Auday, M. (2016). Behavioral game theory, the alternative traveler’s dilemma and payoff maximization. Estudios de Economía, 38(2), pp. 457-473. Retrieved from https://estudiosdeeconomia.uchile.cl/index.php/EDE/article/view/39448/43345
Section
Articles
Published
2016-03-31