Search Results - subject:"Level-$k$ thinking"

Schipper, Burkhard; Zhou, Hang - 2022

Level-k thinking and Cognitive Hierarchy have been widely applied as a normalform solution concept in behavioral and … experimental game theory. We consider the extension of level-k thinking to extensive-form games. Player's may learn about levels of … consistent with the information set. We compare extensive-form level-k thinking with other solution concepts such as level-k …

Persistent link: https://www.econbiz.de/10013467146

Extensive-form level-k thinking

Schipper, Burkhard; Zhou, Hang - 2022

Persistent link: https://www.econbiz.de/10013350881

Deep and shallow thinking in the long run

Nax, Heinrich Harald; Newton, Jonathan - In: Theoretical Economics 17 (2022) 4, pp. 1501-1527

Humans differ in their strategic reasoning abilities and in beliefs about others’ strategic reasoning abilities. Studying such cognitive hierarchies has produced new insights regarding equilibrium analysis in economics. This paper investigates the effect of cognitive hierarchies on long run...

Persistent link: https://www.econbiz.de/10014536978

Deep and shallow thinking in the long run

Nax, Heinrich Harald; Newton, Jonathan - In: Theoretical economics : TE ; an open access journal in … 17 (2022) 4, pp. 1501-1527

Humans differ in their strategic reasoning abilities and in beliefs about others' strategic reasoning abilities. Studying such cognitive hierarchies has produced new insights regarding equilibrium analysis in economics. This paper investigates the effect of cognitive hierarchies on long run...

Persistent link: https://www.econbiz.de/10013472490