Denote a $k$-step player’s belief about the proportion of $h$-step players by $gk(h)$. We assume that players doing $k \geq 1$ steps do not realize that others are using more than $k$ steps of thinking (that is, $gk(h) = 0, \forall h \geq k…Kovalchik, Stephanie, Colin F. Camerer, David M. Grether, Charles R. Plott, and John M. Allman, “Aging and Decision Making: A Broad Comparative Study of Decision Behavior in Neurologically Healthy Elderly and Young Individuals,” Journal of …
David Laibson
economist · 2 mentions across 1 reading
In this course
Laibson appears here only in passing as a co-author on a study about aging and decision-making, without direct engagement with his theoretical work. The excerpt suggests the reading draws on behavioral economics research about cognitive limitations and bounded rationality in human judgment—relevant to understanding how AI systems might model or diverge from human decision-making processes. His actual contributions to bounded rationality theory or behavioral finance aren't elaborated in these course fragments.
Mentioned in 1 reading
Appears alongside
People mentioned in the same passages — sorted by co-occurrence weight.
Xavier Gabaix 2Brit Grosskopf 1Charles Holt 1Colin Camerer 1Dale Stahl 1Daniel Kahneman 1Ernan Haruvy 1Guillermo Moloche 1Jacob Goeree 1John C. Harsanyi 1John Maynard Keynes 1Jun Zhang 1Keith Weigelt 1Reinhard Selten 1Reinhard Tietz 1Rosemarie Nagel 1Stephen Weinberg 1Teck-Hua Ho 1Thomas Palfrey 1Trey Hedden 1Wulf Albers 1Ami Pazgal 1Colin Camerer and Dan Lovallo 1Ganesh Iyer 1Yuxin Chen 1