Danz, David; Fehr, Dietmar; Kübler, Dorothea - In: Experimental Economics 15 (2012) 4, pp. 622-640
We study beliefs and actions in a repeated normal-form game. Using a level-k model of limited strategic reasoning and allowing for other-regarding preferences, we classify action and belief choices with regard to their strategic sophistication and study their development over time. In addition...