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decision making when strategists have little experience with the environment.History: This paper has been accepted for the …
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We explore the influence of cognitive ability and judgment on strategic behavior in the beauty contest game (where the Nash equilibrium action is zero). Using the level-k model of bounded rationality, cognitive ability and judgment both predict higher level strategic thinking. However,...
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Common research on decision-making investigates non-interdependent situations, i.e., games against natureʺ. However … makes psychological decision-making more complex by introducing the outcomes for others as an additional attribute of that … frame. It examines whether some irrationalities of human decision-making might be explained by such a shift in grasping the …
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