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Finite depth of reasoning and equilibrium play in games with incomplete information

Kets, Willemien - 2013

The standard framework for analyzing games with incomplete information models players as if they have an infinite depth …

Persistent link: https://www.econbiz.de/10010352842

All types naive and canny

Heifetz, Aviad; Kets, Willemien - 2012

This paper constructs a type space that contains all types with a finite depth of reasoning, as well as all types with an infinite depth of reasoning - in particular those types for whom finite-depth types are conceivable, or think that finite-depth types are conceivable in the mind of other...

Persistent link: https://www.econbiz.de/10010352849

Ranking friends

Kets, Willemien; Feinberg, Yossi - 2012

We investigate the scope for cooperation within a community engaged in repeated reciprocal interactions. Players seek the help of others and approach them sequentially according to some fixed order, that is, a ranking profile. We study the ranking profiles that are most effective in sustaining...

Persistent link: https://www.econbiz.de/10010352860

Robust multiplicity with a grain of naiveté

Heifetz, Aviad; Kets, Willemien - 2013

In an important paper, Weinstein and Yildiz (2007) show that if players have an infinite depth of reasoning and this is commonly believed, types generically have a unique rationalizable action in games that satisfy a richness condition. We show that this result does not extend to environments...

Persistent link: https://www.econbiz.de/10010352864

When do types induce the same belief hierarchy?

Perea, Andrés; Kets, Willemien - 2015

Type structures are a simple device to describe higher-order beliefs. But how can we check whether two types generate the same belief hierarchy? This paper generalizes the concept of a type morphism and shows that one type structure is contained in another if and only if the former can be mapped...

Persistent link: https://www.econbiz.de/10011545321

Bounded reasoning and higher-order uncertainty

Kets, Willemien - 2012

The standard framework for analyzing games with incomplete information models players as if they form beliefs about …

Persistent link: https://www.econbiz.de/10010282936

Does Ignorance of Economic Returns and Costs Explain the Educational Aspiration Gap? Evidence From Representative Survey Experiments

Lergetporer, Philipp; Werner, Katharina; Woessmann, Ludger - 2018

. Experimental provision of return and cost information significantly increases educational aspirations. However, it does not close … the aspiration gap as university graduates respond even more strongly to the information treatment. Persistent effects in … a follow-up survey indicate that participants indeed process and remember the information. Differences in economic …

Persistent link: https://www.econbiz.de/10011932956

Educational Inequality and Public Policy Preferences: Evidence From Representative Survey Experiments

Lergetporer, Philipp; Werner, Katharina; Woessmann, Ludger - 2018

To study how information about educational inequality affects public concerns and policy preferences, we devise survey … experiments in representative samples of the German population. Providing information about the extent of educational inequality … strong positive information treatment effect, which is increased further by informing about policy effectiveness. …

Persistent link: https://www.econbiz.de/10011932975

Earnings information and public preferences for university tuition: Evidence from representative experiments

Lergetporer, Philipp; Woessmann, Ludger - 2022

about the university earnings premium. To test whether public support for tuition depends on earnings information, we devise … opposing tuition. Providing information on the university earnings premium raises support for tuition by 7 percentage points …, turning the plurality in favor. The opposition-reducing effect persists two weeks after treatment. Information on fiscal costs …

Persistent link: https://www.econbiz.de/10013197534

The political economy of higher education finance: How information and design affect public preferences for tuition

Lergetporer, Philipp; Woessmann, Ludger - 2019

Public preferences for charging tuition are important for determining higher education finance. To test whether public … support for tuition depends on information and design, we devise several survey experiments in representative samples of the … German electorate (N>19,500). The electorate is divided, with a slight plurality opposing tuition. Providing information on …

Persistent link: https://www.econbiz.de/10012141851