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

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

In this paper we investigate how cognitive ability influences behavior, success and theevolution of play towards Nash equilibrium in repeated strategic interactions. We study behaviorin a p-beauty contest experiment and find striking differences according to cognitiveability: more cognitively able s...

Bibliografske podrobnosti
Main Authors:	Gill, D, Prowse, V
Format:	Working paper
Izdano:	University of Oxford 2013

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