Showing 1 - 3 of 3
This paper studies the effects of analogy-based expectations in static two-player games of incomplete information. Players are assumed to be boundedly rational in the way they forecast their opponent's state-contingent strategy: they bundle states into analogy classes and play best-responses to...
Persistent link: https://www.econbiz.de/10005409098
Persistent link: https://www.econbiz.de/10005409138
We consider a multi-game interactive learning environment in which subjects sometimes only have access to the aggregate distribution of play of the opponents over the various games and sometimes are told the joint distribution of actions and games in a more or less accessible way. Our main...
Persistent link: https://www.econbiz.de/10008865874