Correlated Equilibria Unlock Cooperative Behavior, Transforming Social Interactions
The experiment tested how people make decisions in a game called Chicken. Players considered advice from others in different scenarios, some helpful and some not. The findings show that when players received good advice that improved their results, they followed it. Bad advice led to worse outcomes and was mostly ignored. Advice close to the game's standard strategy also influenced player actions. Players did best when the advice improved game results beyond what the normal strategies offered. This demonstrates that players followed advice only if it made their situation better than the usual strategies did.