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Language is an imperfect and coarse means of communicating information about a complex and nuanced world. We report on an experiment designed to capture this feature of communication. The messages available to the sender imperfectly describe the state of the world; however, the sender can improve...
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This paper presents an axiomatic framework for the priority heuristic, a model of bounded rationality in Selten’s (in: Gigerenzer and Selten (eds.) Bounded rationality: the adaptive toolbox, <CitationRef CitationID="CR32">2001</CitationRef>) spirit of using empirical evidence on heuristics. The priority heuristic predicts actual human...</citationref>
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Since the seminal paper of Nash (Proc Natl Acad Sci USA 36:48–49, <CitationRef CitationID="CR12">1950</CitationRef>) game theoretic literature has focused mostly on equilibrium and not on maximin (minimax) strategies. In a recent paper of Pruzhansky (Int J Game Theory 40:351–365, <CitationRef CitationID="CR17">2011</CitationRef>) it was shown that under fairy general conditions...</citationref></citationref>
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