The Effects of Common advice on One-Shot Traveler´s Dilemma Games:Explanning Behavior through an Instrospective Model with Errors

We report results of single interaction Traveler's Dilemma game experiments with and without expert advice to test the robustness of a model of noisy introspection.The model describes an out-of-equilibrium process with errors by which players reach a decision of what to do in strategic situations. By tracing the process bywhich players determine what to do, one can find a prediction for single interaction games. Simulations show that the model's predictions are consistent with experimental data.