G2TT
来源类型Discussion paper
规范类型论文
来源IDDP16644
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
URLhttps://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。
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Cary Frydman]的文章
[Salvatore Nunnari]的文章
百度学术
百度学术中相似的文章
[Cary Frydman]的文章
[Salvatore Nunnari]的文章
必应学术
必应学术中相似的文章
[Cary Frydman]的文章
[Salvatore Nunnari]的文章
相关权益政策
暂无数据
收藏/分享

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。