Search Results - subject:"cognitive hierarchy"

Cooperating over losses and competing over gains : a social dilemma experiment

Ispano, Alessandro; Schwardmann, Peter - 2016

Evidence from studies in international relations, the politics of reform, collective action and price competition suggests that economic agents in social dilemma situations cooperate more to avoid losses than in the pursuit of gains. To test whether the prospect of losses can induce cooperation,...

Persistent link: https://www.econbiz.de/10011438253

A generalized cognitive hierarchy model of games

Chong, Juin-kuan; Ho, Teck-Hua; Camerer, Colin - In: Games and economic behavior 99 (2016), pp. 257-274

Persistent link: https://www.econbiz.de/10011771493

Robust predictions under finite depth of reasoning

Murayama, Kota - In: The Japanese economic review : the journal of the … 71 (2020) 1, pp. 59-84

Persistent link: https://www.econbiz.de/10012237236

How precious are scarce products? : an experimental study on a turn-and-earn allocation mechanism

Chen, Yefen; Zhao, Xiaobo; Zhu, Wanshan; Xie, Jinxing - In: Decision sciences : DS 50 (2019) 5, pp. 1031-1059

Persistent link: https://www.econbiz.de/10012212378

On the predictive power of theories of one-shot play

Külpmann, Philipp; Kuzmics, Christoph - 2019

Persistent link: https://www.econbiz.de/10012138049

On the Persistence of Strategic Sophistication

Georganas, Sotiris; Healy, Paul J.; Weber, Roberto A. - 2014

We examine whether the Level-k' model of strategic behavior generates reliable cross-game predictions within an individual. We find no correlation in subjects' estimated levels of reasoning across two families of games. Furthermore, estimating a higher level for Ann than Bob in one family of...

Persistent link: https://www.econbiz.de/10010333410

Focal Points Revisited: Team Reasoning, the Principle of Insufficient Reason and Cognitive Hierarchy Theory

Bardsley, Nicholas; Ule, Aljaz - Volkswirtschaftliche Fakultät, … - 2014

Coordination on focal points in one shot games can often be explained by team reasoning, a departure from individualistic choice theory. However, a less exotic explanation of coordination is also available based on best-responding to uniform randomisation. We test the team reasoning explanation...

Persistent link: https://www.econbiz.de/10011111846

Explaining Behavior in the "11-20" Game

Choo, Lawrence C.Y; Kaplan, Todd R. - Volkswirtschaftliche Fakultät, … - 2014

’s statistical fit against the Quantal Response Equilibrium and Cognitive Hierarchy Model. The SK model and Cognitive Model were able … to outperform the QRE in a statistical sense and performed as well as each other. In addition, the Cognitive Hierarchy … obtained when one allows for stochastic best responds as in the SK and Cognitive Hierarchy Models. …

Persistent link: https://www.econbiz.de/10011260118

Sophisticated Bidders In Beauty-Contest Auctions

Galavotti, Stefano; Moretti, Luigi; Valbonesi, Paola - Dipartimento di Scienze Economiche "Marco Fanno", … - 2014

.e., close to optimality) in the past. We show that our empirical evidence is consistent with a Cognitive Hierarchy model of …

Persistent link: https://www.econbiz.de/10011123416

On the Salience-Based Level-k Model

Wolff, Irenaeus - Thurgauer Wirtschaftsinstitut an der Universität Konstanz - 2014

Crawford and Iriberri (AER, 2007) show how a level-k model can be based on salience to explain behaviour in games with distinctive action labels, taking hide-and-seek games as an example. This study presents four dierent experiments designed to measure salience. When based on any of these...

Persistent link: https://www.econbiz.de/10010812662