Ontology highlight
ABSTRACT:
SUBMITTER: Wang Z
PROVIDER: S-EPMC6063929 | biostudies-literature | 2018 Jul
REPOSITORIES: biostudies-literature
Wang Zhen Z Jusup Marko M Shi Lei L Lee Joung-Hun JH Iwasa Yoh Y Boccaletti Stefano S
Nature communications 20180727 1
The decoy effect is a cognitive bias documented in behavioural economics by which the presence of a third, (partly) inferior choice causes a significant shift in people's preference for other items. Here, we performed an experiment with human volunteers who played a variant of the repeated prisoner's dilemma game in which the standard options of "cooperate" and "defect" are supplemented with a new, decoy option, "reward". We show that although volunteers rarely chose the decoy option, its availa ...[more]