Showing 1 - 4 of 4
players' perceptions of their opponents' skill or level of rationality. In our experimental design, we use the level of … experience (the number of periods played) as a proxy for the level of rationality and match subjects with different levels of …
Persistent link: https://www.econbiz.de/10005190841
"Beauty contests" are well-studied, dominance-solvable games that generate two interesting results. First, most behavior does not conform to the unique Nash equilibrium. Second, there is considerable unexplained heterogeneity in behavior. In this work, we evaluate the relationship between beauty...
Persistent link: https://www.econbiz.de/10005649245
We discuss attempts to justify conditional cooperation in the Prisoners’ Dilemma based on the idea of identifying an opponent’s strategy. We note that the concept of such complete transparency of decision procedures is logically inconsistent. Furthermore, we observe that attempts to justify...
Persistent link: https://www.econbiz.de/10005649337
findings thus suggest that rational decision-making (users) may hinder eco-friendly media selection while non-rationality (non …
Persistent link: https://www.econbiz.de/10009370873