Webnative specifications such as the Level-k or the Quantal Response Equilibrium model with altruistic motives. *Department of Economics, Lancaster University Management School, LA1 4YX, Lancaster, U.K. B [email protected], +44 (0)15245 93170 I am grateful to James Cox and Duncan James for providing me with their experimental data and ... WebA Dynamic Level-k Model in Sequential Games. Teck Ho and Xuanming Su () ... In the classic example of the "centipede game," however, players frequently violate this principle. An alternative is a "dynamic level-k" model, where players choose a rule from a rule hierarchy. The rule hierarchy is iteratively defined such that the level-k rule is a ...

CiteSeerX — A Dynamic Level-k Model in Games

WebIn the classic example of the "centipede game," however, players frequently violate this principle. An alternative is a "dynamic level-fc" model, where players choose a rule from a rule hierarchy. The rule hierarchy is iteratively defined such that the level-/c rule is a best response to the level-(/c — 1) rule, and the level-oo rule ... WebLevel-k theory assumes that players in strategic games base their decisions on their predictions about the likely actions of other players. According to level-k, players in strategic games can be categorized by the "depth" of their strategic thought. [3] It is thus heavily focused on bounded rationality . subway norte sul

A Dynamic Level-k Model in Games

Webcanonical games where backward induction performs poorly. The dynamic level-k model can be considered as a tracing procedure for backward induction because the former … WebIn the classic example of the "centipede game," however, players frequently violate this principle. An alternative is a "dynamic level-k" model, where players choose a rule from … WebAug 9, 2012 · The model captures two systematic violations of backward induction in centipede games, limited induction and repetition unraveling. Because the dynamic … paint for wood waterproof