Search Results - subject:"level k reasoning"

Behavioral forces driving information unraveling

Benndorf, Volker; Kübler, Dorothea; Normann, Hans-Theo - 2023

Information unraveling is an elegant theoretical argument suggesting that private information may be fully and voluntarily surrendered. The experimental literature has, however, failed to provide evidence of complete unraveling and has suggested senders' limited depth of reasoning as one...

Persistent link: https://www.econbiz.de/10014426915

Behavioral forces driving information unraveling

Benndorf, Volker; Kübler, Dorothea; Normann, Hans-Theo - 2023

Persistent link: https://www.econbiz.de/10014422323

Behavioral forces driving information unraveling

Benndorf, Volker; Kübler, Dorothea; Normann, Hans-Theo - 2022

Persistent link: https://www.econbiz.de/10013483494

Behavioral Forces Driving Information Unraveling

Benndorf, Volker; Kübler, Dorothea; Normann, Hans-Theo - 2022

Persistent link: https://www.econbiz.de/10014467837

Behavioral forces driving information unraveling

Benndorf, Volker; Kübler, Dorothea; Normann, Hans-Theo - 2022

Persistent link: https://www.econbiz.de/10013477504

Behavioral forces driving information unraveling

Benndorf, Volker; Kübler, Dorothea; Normann, Hans-Theo - 2022

Persistent link: https://www.econbiz.de/10014476661

Level-k models and overspending in contests

Arve, Malin; Serena, Marco - In: Games 13 (2022) 3, pp. 1-12

a theoretical contest environment with level-k reasoning. … documented empirically, and it has been shown that, in private-value auctions, such overbidding can be rationalized by level-k … reasoning. We bridge the existing gap between the auction and contest literature by showing that overbidding may also be true in …

Persistent link: https://www.econbiz.de/10013252760

Bounded rationality in Keynesian beauty contests: A lesson for central bankers?

Mauersberger, Felix; Nagel, Rosemarie; Bühren, Christoph - In: Economics: The Open-Access, Open-Assessment E-Journal 14 (2020) 2020-16, pp. 1-38

The great recession (2008) triggered an apparent discrepancy between empirical findings and macroeconomic models based on rational expectations alone. This gap led to a series of recent developments of a behavioral microfoundation of macroeconomics combined with the underlying experimental and...

Persistent link: https://www.econbiz.de/10012233305

Cost of reasoning and strategic Sophistication

Zhao, Wanqun - In: Games 11 (2020) 3, pp. 1-27

I designed an experiment to study the persistence of the prevailing levels of reasoning across games. Instead of directly comparing the k-level(s) of reasoning for each game, I used cognitive load to manipulate the strategic environment by imposing variations on the subject's cost of reasoning...

Persistent link: https://www.econbiz.de/10013200038

Behavioral game theory

Golman, Russell (contributor) - 2020

How do interacting decision-makers make strategic choices? If they're rational and can somehow predict each other's behavior, they may find themselves in a Nash equilibrium. However, humans display pervasive and systematic departures from rationality. They oft􀀵en do not conform to the...

Persistent link: https://www.econbiz.de/10012606032