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...
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| Médium: | Working paper |
| Vydáno: |
University of Oxford
2013
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