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  1. A notion of prominence for games with natural-language labels
    Erschienen: 8-31-2020
    Verlag:  Chapman University, Economic Science Institute, [Orange, CA]

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: ESI working papers ; 20, 38
    Schlagworte: focal points; salience; coordination; hide-and-seek; culture; language; level-k
    Umfang: 1 Online-Ressource (circa 47 Seiten), Illustrationen
  2. Cognitive skills, strategic sophistication, and life outcomes
    Erschienen: 2021
    Verlag:  [Krannert School of Management, Purdue University, Institute for Research in the Behavioral, Economic, and Management Sciences], [West Lafayette, Indiana]

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    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Auflage/Ausgabe: This version: July 22, 2021
    Schriftenreihe: Purdue University Economics Department working paper ; no. 1329
    Schlagworte: Cognitive skills; theory-of-mind; cognitive ability; fluid intelligence; children; experiment; strategic sophistication; level-k; bounded rationality; non-equilibrium thinking; intentions; gift-exchange game; competitive game; strategic game; ALSPAC; social skills; adult outcomes; life outcomes; education; fertility; labor market; wages; employment; schoolspending; childhoodintervention
    Umfang: 1 Online-Ressource (circa 133 Seiten), Illustrationen
  3. Strategic complexity and the value of thinking
    Erschienen: May 2022
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    Response times are a simple low-cost indicator of the process of reasoning in strategic games. In this paper, we leverage the dynamic nature of response-time data from repeated strategic interactions to measure the strategic complexity of a situation... mehr

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    Response times are a simple low-cost indicator of the process of reasoning in strategic games. In this paper, we leverage the dynamic nature of response-time data from repeated strategic interactions to measure the strategic complexity of a situation by how long people think on average when they face that situation (where we categorize situations according to the characteristics of play in the previous round). We find that strategic complexity varies significantly across situations, and we find considerable heterogeneity in how responsive subjects' thinking times are to complexity. We also study how variation in response times at the individual level across rounds affects strategic behavior and success: when a subject thinks for longer than she would normally do in a particular situation, she wins less frequently and earns less. The behavioral mechanism that drives the reduction in performance is a tendency to move away from Nash equilibrium behavior. Finally, cognitive ability and personality have no effect on average response times.

     

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    Sprache: Englisch
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    hdl: 10419/263491
    Schriftenreihe: Discussion paper series / IZA ; no. 15275
    Schlagworte: response time; decision time; deliberation time; thinking time; complexity; level-k; game theory; strategic game; repeated games; beauty contest; cognitive ability; personality
    Umfang: 1 Online-Ressource (circa 70 Seiten), Illustrationen
  4. Heuristic centered-belief players
    Autor*in: Wolff, Irenaeus
    Erschienen: [2023]
    Verlag:  TWI, Thurgau Institute of Economics at the University of Konstanz, Kreuzlingen

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    Sprache: Englisch
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    Schriftenreihe: Research paper series / Thurgau Institute of Economics and Department of Economics at the University of Konstanz ; no. 128
    Schlagworte: Nash-equilibrium; quantal-response equilibrium; level-k; cognitive-hierarchy; salience theory; noisy introspection; central-tendency bias
    Umfang: 1 Online-Ressource (circa 28 Seiten), Illustrationen
  5. "Nobody goes there anymore - it’s too crowded"
    level-k thinking in the restaurant game
    Erschienen: 2013

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Working papers / Bureau of Economics, Federal Trade Commission ; 315
    Schlagworte: herding behavior; social learning; level-k; bounded rationality
    Umfang: Online-Ressource (46 S.)