Showing 1 - 2 of 2
Persistent link: https://www.econbiz.de/10012038132
This note investigates a set of dynamic versions of the level-k (LK) and cognitive hierarchy (CH) models in repeated normal-form games. Conventional LK and CH models assume a reasoning process that does not allow learning. This can be a restrictive assumption: When facing a repeated game,...
Persistent link: https://www.econbiz.de/10012825829