Título Travelers\' types
Autores BRAÑAS GARZA, PABLO ERNESTO, Paz Espinosa, Maria , Rey-Biel, Pedro
Publicación externa Si
Medio J. Econ. Behav. Organ.
Alcance Article
Naturaleza Científica
Cuartil JCR 2
Cuartil SJR 1
Impacto SJR 1.50400
Fecha de publicacion 01/04/2011
ISI 000290420200003
DOI 10.1016/j.jebo.2010.12.005
Abstract This paper uses subjects\' diverse self-reported justifications to explain discrepancies between observed heterogeneous behavior and the unique equilibrium prediction in a one-shot traveler\'s dilemma experiment. Principal components analysis suggests that iterative reasoning, aspiration levels, competitive behavior, attitudes towards risk and penalties and focal points may be behind different choices. Such reasons are coherent with same subjects\' behavior in other tests and experiments in which these particular issues are prominent, and thus, we identify "types" of subjects. Overall, we conclude that subjects\' self-justifications in complex strategic situations contain informational value which may be used to predict behavior in other situations of economic importance. (C) 2011 Elsevier B.V. All rights reserved.
Palabras clave Traveler's dilemma; Self-reports; Principal components; Experiments
Miembros de la Universidad Loyola

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