Östling, Robert; Wang, Joseph Tao-yi; Chou, Eileen; … - Economics Institute for Research (SIR), … - 2007
, guessing
game, experimental methods, behavioral game theory, level-k.
1 Introduction
Game theory predictions are challenging … parametric models
of boundedly rational play, quantal response equilibrium (QRE), and a level-k or cognitive
hierarchy (CH …, 2000).
25An alternative approach which often has advantages is that level-k types think all others are level
k 1. If we …