Lin, C.-Y. Cynthia; Muehlegger, Erich J. - In: Journal of Economic Behavior & Organization 86 (2013) C, pp. 10-23
Firms often lack knowledge of the nature of the uncertainty they or their opponents face and use heuristics or approximations to determine their strategy. We define and analyze one type of “heuristic strategy”, in which firms choose strategies based on the expectation of their opponents’...