Article ID Journal Published Year Pages File Type
5072218 Games and Economic Behavior 2012 20 Pages PDF
Abstract
► Evolution of depths of reasoning is studied in level-k and fictitious play models. ► Everyone acting like highest type is stable iff the game is “type-acyclic”. ► Restrictive assumptions needed to ensure convergence to monomorphic states. ► Evolution across games is studied. ► Partial observability of types is introduced into the level-k model.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Authors
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