On the Salience-Based Level-k Model

Wolff, Irenaeus

On the Salience-Based Level-k Model

Dateien

Wolff_0-322043.pdfGröße: 892.87 KBDownloads: 370

Datum

2015

Open Access-Veröffentlichung

Open Access Green

Sammlungen

Wirtschaftswissenschaften

Publikationstyp

Working Paper/Technical Report

Publikationsstatus

Published

Zusammenfassung

In the current literature, there is a lively debate about whether a level-k model can be based on salience to explain behaviour in games with distinctive action labels such as hide-and-seek or discoordination games. This study presents six different experiments designed to measure salience. When based on any of these empirical salience measures, the standard level-k model does not explain hide-and-seek behaviour. Modifying the model such that players followsalience 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 basing the level-k prediction on participants’ own individual salience assessments.

Fachgebiet (DDC)

330 Wirtschaft

Schlagwörter

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

Zitieren

ISO 690

WOLFF, Irenaeus, 2015. On the Salience-Based Level-k Model

BibTex

@techreport{Wolff2015Salie-33091,
  year={2015},
  series={Research paper series / Thurgauer Wirtschaftsinstitut},
  title={On the Salience-Based Level-k Model},
  number={96},
  author={Wolff, Irenaeus}
}

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