The classic game-theoretic concept of forward induction (Kohlberg and Mertens 1986)suggests that past actions of a player could signal to her counterparts what that playerwill do next. A number of experimental studies provided evidence consistent with thisidea. In particular, people who sacrifice an ‘outside option’ or incur a cost in orderto play a game with multiple equilibria have an increased chance of subsequentlysecuring their preferred equilibrium outcome