Bridging Level-K to Nash Equilibrium
Bridging Level-K to Nash Equilibrium
About this item
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Publisher
One Rogers Street, Cambridge, MA 02142-1209, USA: MIT Press
Journal title
Language
English
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Publisher
One Rogers Street, Cambridge, MA 02142-1209, USA: MIT Press
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Scope and Contents
Contents
We introduce NLK, a model that connects the Nash equilibrium (NE) and level-k. It allows a player in a game to believe that her opponent may be either less or as sophisticated as she is, a view supported in psychology. We apply NLK to data from five published papers on static, dynamic, and auction games. NLK provides different predictions from thos...
Alternative Titles
Full title
Bridging Level-K to Nash Equilibrium
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Author / Creator
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Record Identifier
TN_cdi_crossref_primary_10_1162_rest_a_00990
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_crossref_primary_10_1162_rest_a_00990
Other Identifiers
ISSN
0034-6535
E-ISSN
1530-9142
DOI
10.1162/rest_a_00990
