Camerer, Colin F. (2010) Cognitive hierarchy modelling of lab, field and neural data. In: BQGT '10 Proceedings of the Behavioral and Quantitative Game Theory: Conference on Future Directions. ACM , New York, NY, Art. No. 34. ISBN 978-1-60558-919-0. https://resolver.caltech.edu/CaltechAUTHORS:20160812-142726711
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Abstract
Cognitive hierarchy and level-k models assume players use steps of reasoning iteratively. Precision comes from making (and testing) various assumptions about the step distribution, beliefs of players at each step, and responsiveness to expected payoff. I describe several empirical examples of these models applied to lab experiments and two field settings. In addition, eyetracking and some neural evidence are supportive of the concept of limits of iterated thinking and suggest some interesting research directions.
| Item Type: | Book Section | |||||||||
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| Additional Information: | © 2010 ACM. | |||||||||
| DOI: | 10.1145/1807406.1807440 | |||||||||
| Record Number: | CaltechAUTHORS:20160812-142726711 | |||||||||
| Persistent URL: | https://resolver.caltech.edu/CaltechAUTHORS:20160812-142726711 | |||||||||
| Official Citation: | Colin F. Camerer. 2010. Cognitive hierarchy modelling of lab, field and neural data. In Proceedings of the Behavioral and Quantitative Game Theory: Conference on Future Directions (BQGT '10). ACM, New York, NY, USA, , Article 34 , 1 pages. DOI=http://dx.doi.org/10.1145/1807406.1807440 | |||||||||
| Usage Policy: | No commercial reproduction, distribution, display or performance rights in this work are provided. | |||||||||
| ID Code: | 69603 | |||||||||
| Collection: | CaltechAUTHORS | |||||||||
| Deposited By: | INVALID USER | |||||||||
| Deposited On: | 12 Aug 2016 22:24 | |||||||||
| Last Modified: | 11 Nov 2021 04:17 |
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