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Cost of reasoning and strategic Sophistication

Zhao, Wanqun - In: Games 11 (2020) 3/40, 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/10012432226

Chapter 10. Behavioral Game Theory Experiments and Modeling

Camerer, Colin F.; Ho, Teck-Hua - In: Handbook of game theory with economic applications : …, (pp. 517-573). 2015

This chapter reviews recent experimental data testing game theory and behavioral models that have been inspired to explain those data. The models fall into four groups: in cognitive hierarchy or level- k models, the assumption of equilibrium is relaxed by assuming agents have beliefs about other...

Persistent link: https://www.econbiz.de/10014025449

Beyond quantified ignorance : rebuilding rationality without the bias bias

Brighton, Henry - 2019

If we reassess the rationality question under the assumption that the uncertainty of the natural world is largely … theory of ecological rationality. The main casualty of this rebuilding process is optimality. Once we view optimality as a … formal implication of quantified uncertainty rather than an ecologically meaningful objective, the rationality question …

Persistent link: https://www.econbiz.de/10011990913

Cognitive Economics

Kimball, Miles S. - 2015

Welfare Economics. A key theme of Cognitive Economics is finite cognition (often misleadingly called “bounded rationality …

Persistent link: https://www.econbiz.de/10013030618

Cognitive Economics

Kimball, Miles S. - 2015

Welfare Economics. A key theme of Cognitive Economics is finite cognition (often misleadingly called "bounded rationality …

Persistent link: https://www.econbiz.de/10012457832

Cognitive ability, character skills, and learning to play equilibrium : a level-k analysis

Gill, David; Prowse, Victoria L. - 2014

ability to that of character skills, and find that both cognition and personality affect behavior and learning. More agreeable …

Persistent link: https://www.econbiz.de/10010364492

Cognitive ability, character skills, and learning to play equilibrium : a level-k analysis

Gill, David; Prowse, Victoria - 2014

Persistent link: https://www.econbiz.de/10010365624

Discovery Process in Normal-Form Games with Unawareness : Cognitive Stability and Closedness under Rational Behavior

Tada, Yoshihiko - 2021

This study examines how each player chooses her/his optimal action in "normal-form games with unawareness" by applying a "discovery process" to them. We show that if each player implements a best response to the opponents' immediately preceding plays, then any discovery process converges to a...

Persistent link: https://www.econbiz.de/10013237214

Rationalizing outcomes : interdependent learning in competitive markets

Menon, Anoop; Yao, Dennis A. - In: Strategy Science 9 (2024) 2, pp. 97-117

Persistent link: https://www.econbiz.de/10014633171

The evolution of ethnocentrism revisited : an agent-based model with inductive reasoning

Carrão, Pedro Vitor Ramos Halbout; Atique, Mariana Wik - In: Economia : revista da ANPEC 21 (2020) 2, pp. 297-310

to broaden the model created by the authors by adding a process of inductive reasoning for the decision making of the …

Persistent link: https://www.econbiz.de/10012307318