A novel approach to studying strategic decisions with eye-tracking and machine learning
Journal Title: Judgment and Decision Making - Year 2017, Vol 12, Issue 6
Abstract
We propose a novel method of using eye-tracking to study strategic decisions. The conventional approach is to hypothesize what eye-patterns should be observed if a given model of decision-making was accurate, and then proceed to verify if this occurs. When such hypothesis specification is difficult a priori, we propose instead to expose subjects to a variant of the original strategic task that should induce processing it in a way consistent with the postulated model. It is then possible to use machine learning pattern recognition techniques to check if the associated eye-patterns are similar to those recorded during the original task. We illustrate the method using simple examples of 2x2 matching-pennies and coordination games with or without feedback about the counterparts’ past moves. We discuss the strengths and limitations of the method in this context.
Authors and Affiliations
Michal Krol and Magdalena Krol
Keywords
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