Alaoui, Larbi; Penta, Antonio - Department of Economics and Business, Universitat … - 2012
, in this framework the player's "depth of reasoning" is endogenously determined, and it can be disentangled from his … depth of reasoning is a function of the player's cognitive abilities and his payoffs. The costs are exogenous and represent … determined by the individual's depth of reasoning and his beliefs about the reasoning process of the opponent. Thus, in our …