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

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

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We investigate how cognitive ability and character skills influence the evolution of play toward Nash equilibrium in repeated strategic interactions. We find that more cognitively able subjects choose numbers closer to equilibrium, earn more, and converge more frequently to equilibrium play. We esti...

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Dettagli Bibliografici
Autori principali:	Gill, D, Prowse, V
Natura:	Journal article
Lingua:	English
Pubblicazione:	University of Chicago Press 2016

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