Publication | Closed Access
Generation of random series in two-person strictly competitive games.
225
Citations
25
References
1992
Year
Evolutionary Game TheoryBehavioral Decision MakingGame TheoryBinary SequencesComputational Game TheoryBehavioral Game TheorySocial SciencesPsychologyCompetitive GamesExperimental Decision MakingExperimental EconomicsMechanism DesignCognitive ScienceNew Research ParadigmComputer ScienceGamesExperimental PsychologyBehavioral EconomicsRepeated GameSocial BehaviorBusinessGame-theoretic ProbabilityRandom Series
A general conclusion, widely and uniformly supported by a variety of experiments, is that humans are unable to produce a random series of discrete responses, even when instructed to do so. Several arguments are advanced to show that the experimental evidence in support of this claim is plagued with logical and methodological difficulties. Using a new research paradigm, this article reports experimental results showing that people can generate binary sequences that satisfy standard tests of randomness more successfully when they participate in 2-person strictly competitive games inducing them to conceal their choices and protect themselves from their own frailty to maximize gain
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