Mantovani, Marco - Dipartimento di Economia, Metodi Quantitativi e … - 2015
The paper tests experimentally for limited foresight in sequential games. We develop a general out …-of-equilibrium framework of strategic thinking based on limited foresight. It assumes the players take decisions focusing on close-by nodes … equilibrium, while few others try to exploit the limited foresight of their opponent. The results provide strong support for LBI …