Faillo, Marco; Smerilli, Alessandra; Sugden, Robert - Dipartimento di Economia e Management, Università … - 2013
particular cognitive hierarchy model: level-k theory. In line with previous experimental results, we find that each theory fails … predict choices when they picks out a solution which is Pareto dominated and not compensated by grater equality; Level-k … theory fails in games in which it predicts the choice of one of not unique slices, and the unique choice is more equal than …