| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16644 |
| DP16644 Cognitive Imprecision and Strategic Behavior | |
| Cary Frydman; Salvatore Nunnari | |
| 发表日期 | 2021-10-19 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | We propose and experimentally test a theory of strategic behavior in which players encode and process game payoffs with cognitive noise. We focus on 2 x 2 coordination games that have multiple equilibria under complete information. Introducing cognitive noise generates a unique equilibrium. The model further predicts stochastic and context-dependent behavior: as volatility in the environment declines, perception of payoffs becomes less noisy and thus, actions become more sensitive to payoffs. Context-dependence arises from an efficient use of limited cognitive resources. Our experimental data strongly support these predictions and reject a broad class of theories that do not predict context-dependence. |
| 主题 | Macroeconomics and Growth ; Political Economy |
| URL | https://cepr.org/publications/dp16644-0 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545584 |
| 推荐引用方式 GB/T 7714 | Cary Frydman,Salvatore Nunnari. DP16644 Cognitive Imprecision and Strategic Behavior. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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