Vartiainen, Hannu - Turun Kauppakorkeakoulu, Turun Yliopisto - 2007
equilibria employ complex cognitive strategies. Simple strategies suffice only under transitive preferences. Robustness of the …We show that whenever a decision maker reasons about an optimal decision he is able to find one, even with non-transitive … preferences. The existence of a reasoning process allows him to strategically manipulate how he reasons. A reasoning strategy that …