The neuroeconomics of depth of strategic reasoning
Bounded rational behaviour is commonly observed in experimental games and in real life situations. Neuroeconomics can help to understand the mental processing underlying bounded rationality and out-of-equilibrium behaviour. Here we report results from a recent study on the neural basis of limited steps of reasoning in a competitive setting – the beauty contest game. We describe how a cognitive hierarchy model fits both behavioural and brain data.
Year of publication: |
2010
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Authors: | Coricelli, Giorgio ; Nagel, Rosemarie |
Published in: |
History of Economic Ideas. - Fabrizio Serra Editore, Pisa - Roma. - Vol. 18.2010, 1, p. 123-132
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Publisher: |
Fabrizio Serra Editore, Pisa - Roma |
Saved in:
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