Carvalho, Daniel; Santos-Pinto, Luis - Départment d'économétrie et d'économie politique … - 2010
This paper applies the cognitive hierarchy model of Camerer, Ho and Chong (2004) to the action commitment game of Hamilton and Slutsky (1990). The model generates the heterogeneity of behavior reported in Huck, Müeller and Normann (2002). The model predicts the spike in the leadership quantity...