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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Volume: | 124 |
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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 |