Eye Movements in Strategic Choice

Bibliographic Data

ID12166360
AuthorsNeil Stewart (0000-0002-2202-018X, University of Warwick Coventry UK, corresponding author), Simon Gächter (0000-0002-7182-8505, University of Nottingham Nottingham UK), Takao Noguchi (0000-0002-4480-2078, University College London London UK), Timothy L Mullett (0000-0002-4082-2813, University of Warwick Coventry UK)
Year2015
Volume29
Issue2-3
Pages137-156
Publication date2015-10-29
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueJournal of Behavioral Decision Making (JOURNAL)
Journal identifiersISSN: 0894-3257 • E-ISSN: 1099-0771
PublisherWiley (PUBLISHER • GB)
DOI10.1002/bdm.1901
PMID27513881
OpenAlexW1859052877
LanguageEN
Citations received12
References cited37

In risky and other multiattribute choices, the process of choosing is well described by random walk or drift diffusion models in which evidence is accumulated over time to threshold. In strategic choices, level- k and cognitive hierarchy models have been offered as accounts of the choice process, in which people simulate the choice processes of their opponents or partners. We recorded the eye movements in 2 × 2 symmetric games including dominance-solvable games like prisoner's dilemma and asymmetric coordination games like stag hunt and hawk-dove. The evidence was most consistent with the accumulation of payoff differences over time: we found longer duration choices with more fixations when payoffs differences were more finely balanced, an emerging bias to gaze more at the payoffs for the action ultimately chosen, and that a simple count of transitions between payoffs-whether or not the comparison is strategically informative-was strongly associated with the final choice. The accumulator models do account for these strategic choice process measures, but the level- k and cognitive hierarchy models do not. © 2015 The Authors. Journal of Behavioral Decision Making published by John Wiley & Sons Ltd

Cognition · Cognitive dissonance · Cognitive psychology · Dilemma · Economics · Fictitious play · Game theory · Mathematical economics · Microeconomics · Normal-form game · Prisoner's dilemma · Risk dominance · Sequential game · Stochastic game · Strategic Choice · Traveler's dilemma · Decision-Making and Behavioral Economics · Experimental Behavioral Economics Studies · Mathematics · Opinion Dynamics and Social Influence · Psychology · Social Psychology

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