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Related Experiment Video

Updated: Feb 4, 2026

The Collective Trust Game: An Online Group Adaptation of the Trust Game Based on the HoneyComb Paradigm
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Representation effects in the centipede game.

Paolo Crosetto1, Marco Mantovani2

  • 1Univ. Grenoble Alpes, INRA, CNRS, Grenoble INP, GAEL, 38000 Grenoble, France.

Plos One
|October 5, 2018
PubMed
Summary

Altering how game payoffs are presented impacts strategic behavior in the centipede game. Making information less accessible shifts decisions away from equilibrium predictions, highlighting cognitive limits.

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Area of Science:

  • Behavioral Economics
  • Game Theory
  • Cognitive Science

Background:

  • The centipede game is a standard model for studying strategic decision-making and cooperation.
  • Non-equilibrium behavior is frequently observed in experimental settings, suggesting limitations in strategic reasoning.

Purpose of the Study:

  • To investigate how alternative, less accessible representations of the centipede game affect strategic behavior.
  • To determine if complexity in game representation influences deviations from theoretical equilibrium predictions.

Main Methods:

  • A laboratory experiment was conducted using a centipede game.
  • Payoff information was presented to subjects in two alternative formats, reducing information accessibility compared to the standard representation.

Main Results:

  • Manipulating payoff representation shifted the distribution of 'take' decisions away from the Nash equilibrium prediction.
  • Increased complexity in game representation led to more non-equilibrium behavior.

Conclusions:

  • Failures in game-form recognition, due to complex representations, are critical for explaining non-equilibrium behavior.
  • Cognitive limitations in strategic reasoning play a significant role in decision-making within the centipede game.