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deals with cognition and to graduate students in economics eager to discover how economics evolves. It aims at extending the … framework of game theory in order to better fit with the results of rapidly increasing laboratory experiments concerned with …
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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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