On the Salience-Based Level-k Model

Wolff, Irenaeus

On the Salience-Based Level-k Model

Dateien

Wolff_0-322019.pdfGröße: 1.4 MBDownloads: 239

Datum

2014

Open Access-Veröffentlichung

Open Access Green

Sammlungen

Wirtschaftswissenschaften

Publikationstyp

Working Paper/Technical Report

Publikationsstatus

Published

Zusammenfassung

Crawford and Iriberri (AER, 2007) show how a level-k model can be based on salience to explain behaviour in games with distinctive action labels, taking hideand-seek games as an example. This study presents four different experiments designed to measure salience. When based on any of these empirical salience measures, their model does not explain behaviour. Modifying the model such that players follow salience when payoffs are equal, the model fits hide-and-seek data well. However, neither the original nor the modified model account for data from a discoordination game. This holds true even when incorporating the heterogeneity in measured salience perceptions.

Fachgebiet (DDC)

330 Wirtschaft

Schlagwörter

ABAA, hide and seek, cognitive hierarchy, strategic reasoning, saliency

Zitieren

ISO 690

WOLFF, Irenaeus, 2014. On the Salience-Based Level-k Model

BibTex

@techreport{Wolff2014Salie-33090,
  year={2014},
  series={Research paper series / Thurgauer Wirtschaftsinstitut},
  title={On the Salience-Based Level-k Model},
  number={94},
  author={Wolff, Irenaeus}
}

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