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In this paper we use a laboratory setting to manipulate our subjectsʼ beliefs about the cognitive levels of the players … their beliefs about the level of others. Hence, a subjectʼs true cognitive level may be different than the one he exhibits …
Persistent link: https://www.econbiz.de/10011049709
Recent literature has emphasized that individuals display different depths of reasoning when playing games. In this paper, we explore gender differences in strategic sophistication and study whether these differences are endogenous. We report results from two different experiments employing the...
Persistent link: https://www.econbiz.de/10010754648
We report an experimental test of level-k theory, applied to three simple games with non-neutral frames: Coordination, Discoordination and Hide and Seek. Using the same frame for all three games, we derive hypotheses that apply across the games and are independent of prior assumptions about...
Persistent link: https://www.econbiz.de/10010890955
Level-k and team reasoning theories, among others, have been used to explain experimental evidence on coordination games. Both theories succeed in explaining some results and both fail in explaining other results. Sometimes it is impossible to discriminate between them. For this reason we...
Persistent link: https://www.econbiz.de/10010712521
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The paper consists of a discussion on the relevance of non-income drivers of welfare. This discussion is based on a subjective Bayesian reasoning, where welfare perceptions are subjectively rational decisions of individuals, who are, as author suggests, the ultimate decision-makers in respect of...
Persistent link: https://www.econbiz.de/10015192081
A rich economic literature has examined the human capital impacts of disease-eliminating health interventions, such as the rollout of new vaccines. This literature is based on reduced-form approaches which exploit proxies for disease burden, such as mortality, instead of actual infection counts,...
Persistent link: https://www.econbiz.de/10013351959
Community-based reverse osmosis (RO) water treatment plants provide an interim solution for producing safe drinking water for the endemic areas of chronic kidney disease of unknown etiology (CKDu) in the rural dry zone of Sri Lanka. RO-treated groundwater diminishes the progression of CKDu;...
Persistent link: https://www.econbiz.de/10013359383