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Organ Behav Hum Decis Process. 1999 Nov;80(2):118-133.

The Disjunction Effect and Reason-Based Choice in Games.

Author information

1
The Wharton School, University of Pennsylvania

Abstract

This paper reports an experiment that extends previous find ings of the disjunction effect, sometimes described as a violation of Savage's sure-thing principle. Evidence of the disjunction ef fect is observed using elicited beliefs about others' actions (rather than controlled beliefs) in a prisoners' dilemma studied by Shafir and Tversky (1992) as well as in an asymmetric version of it and in a nondilemma game with a unique equilibrium. Debiasing tech niques as well as implications for these extensions are discussed.

PMID:
10527813
DOI:
10.1006/obhd.1999.2846

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