Vierhaus, Ingmar; van Veldhuizen, Roel; Fügenschuh, Armin - In: Discrete Dynamics in Nature and Society (2017), pp. 1-8
Existing models of nonrenewable resources assume that sophisticated agents compete with other sophisticated agents. This study instead uses a level-k approach to examine cases where the focal agent is uncertain about the strategy of his opponent or predicts that the opponent will act in a...
