Cognitive ability, character skills, and learning to play equilibrium

A level-k analysis

We investigate how cognitive ability and character skills influence the evolution of play toward Nash equilibrium in repeated strategic interactions. We find that more cognitively able subjects choose numbers closer to equilibrium, earn more, and converge more frequently to equilibrium play. We esti...

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Bibliographic details
Volume: 124
Main Author: Gill, David
Prowse, Victoria
Format: Journal Article
Language: English
Place of publication: CHICAGO University of Chicago Press 2016
UNIV CHICAGO PRESS
published in: Journal of political economy Vol. 124; no. 6; pp. 1619 - 1676
ORCID: 0000-0002-6055-3788
Data of publication: 2016
ISSN: 0047-2697
1537-534X
0022-3808
1537-534X
EISSN: 1537-534X
Discipline: Economics
Military & Naval Science
Sociology & Social History
Political Science
Subjects:
Online Access: available in Bonn?
Database: FIS Bildung Literaturdatenbank
Social Sciences Citation Index
Web of Science - Social Sciences Citation Index - 2016
Web of Knowledge
Web of Science
Database information Databases - DBIS