on the other players rationality is addressed within our multi-agent framework. We find that, if costs/payoffs act as …

There is abundant evidence that many individuals violate the rationality assumptions routinely made in economics …. However, powerful evidence also indicates that violations of individual rationality do not necessarily refute the aggregate … predictions of standard economic models that assume full rationality of all agents. Thus, a key question is how the interactions …

This paper initiates the study of long term interactions where players' bounded rationality varies over time. Time … dependent bounded rationality is reflected in part in the number $\psi(t)$ of distinct strategies in the first $t$-stages. We …