Lindner, Florian; Sutter, Matthias - Institut für Finanzwissenschaft, Fakultät für … - 2013
Arad and Rubinstein (2012a) have designed a novel game to study level-k reasoning experimentally. Just like them, we … find that the depth of reasoning is very limited and clearly different from equilibrium play. We show that such behavior is … coincidentally, closer to equilibrium play. We argue that time pressure evokes intuitive reasoning and reduces the focal attraction …