A cognitive hierarchy model of games

Cognitive Hierarchy Model of Games - Oxford Academic

Players in a game are “in equilibrium” if they are rational, and accurately predict other players' strategies. In many experiments, however, players are not in ...

A cognitive hierarchy model of games - Caltech Authors

This model fits empirical data, and explains why equilibrium theory predicts behavior well in some games and poorly in others.

(PDF) A Cognitive Hierarchy Model Games - ResearchGate

This model fits empirical data, and explains why equilibrium theory predicts behavior well in some games and poorly in others.

A COGNITIVE HIERARCHY MODEL OF GAMES1 Colin F. Camerer ...

Players in a game are “in equilibrium” if they are rational, and accurately predict other players' strategies. In many experiments, however, players are not ...

A Cognitive Hierarchy Model of Games - EconPapers - RePEc

By Colin F. Camerer, Teck Ho and Juin-Kuan Chong; Abstract: Players in a game are "in equilibrium" if they are rational, and accurately predict other ...

A generalized cognitive hierarchy model of games - ScienceDirect

Highlights · The GCH model generalizes the structural model of strategic thinking with two behavioral regularities, minimum aversion and stereotype bias. · Non- ...

A Cognitive Hierarchy Model of Games - IDEAS/RePEc

An alternative is "cognitive hierarchy" (CH) theory, where each player assumes that his strategy is the most sophisticated. The CH model has inductively defined ...

A generalized cognitive hierarchy model of games. - APA PsycNet

Subjects in simple games frequently exhibit non-equilibrium behaviors. Cognitive hierarchy (CH) and level k (LK) are two prevailing structural models that ...

A Cognitive Hierarchy Model of Games | Request PDF - ResearchGate

Cognitive hierarchy theory, a collection of structural models of non-equilibrium thinking, in which players' best responses rely on heterogeneous beliefs on ...

Cognitive hierarchy theory - Wikipedia

Cognitive hierarchy theory (CHT) is a behavioral model originating in behavioral economics and game theory that attempts to describe human thought processes ...

A Cognitive Hierarchy Model of Games - Semantic Scholar

Players in a game are "in equilibrium" if they are rational, and accurately predict other players' strategies. In many experiments, however, ...

A generalized cognitive hierarchy model of games - ScienceDirect

Subjects in simple games frequently exhibit non-equilibrium behaviors. Cognitive hierarchy (CH) and level k (LK) are two prevailing structural models that ...

A Cognitive Hierarchy Theory of One-shot Games - Cerge - Ei

We introduce a one-parameter cognitive hierarchy (CH) model to predict behavior in one-shot games, and initial conditions in repeated games. The ...

Cognitive hierarchy theory and two-person games - arXiv

Cognitive Hierarchy Theory provides a framework to model the consequences of forecasting accuracy that has proven to fit data from certain types ...

Cognitive Hierarchy: A Limited Thinking Theory in Games

A one-parameter cognitive hierarchy (CH) model to predict behavior in one-shot games, and initial conditions in repeated games.

Cognitive Hierarchy Theory and Two-Person Games - MDPI

Here, we focus on symmetric two-player-two-action games and establish an algorithm to find the players' strategies according to the cognitive hierarchy ...

A Cognitive Hierarchy Theory of One-Shot Games and Experimental ...

We develop an alternative "cognitive hierarchy" (CH) theory. In the CH model players who are not thinking strategically (0 steps) randomize.

A cognitive hierarchy theory of one-shot games - Caltech Authors

Best-fitting values of τ have an interquartile range of (.98,2.40) and a median of 1.65 across 80 experimental samples of matrix games, entry games, mixed- ...

18 Cognitive Hierarchies and Emotions in Behavioral Game Theory

This chapter describes two new approaches that do so. The first approach, cognitive hierarchy modeling, assumes that players have different levels of partially ...

A Cognitive Hierarchy Model Applied to the Lemonade Game

In this paper, we show how to apply a tool from behavioral economics called the Cognitive Hierarchy (CH) to the design of agents in general sum games. We attack ...