Table IX shows predicted betting rates (for τ = 1.5) and Sovik
[2000]’s first-round data.[^18] The model does not track differences in betting rates across the three ambiguous information states particularly well, but it is an obvious impr…The research question is whether players use the nominal payoff, or act as if they calculated real payoffs. If players use real payoffs and are in equilibrium, they will either choose prices of 11 and 14 (depending on which of two cost stru…Capra, C. Mónica, “Noisy Expectation Formation in One-shot Games,” PhD. thesis, 1999.
Chen, Yuxin, Ganesh Iyer, and Amit Pazgal, “Limited Memory and Market Competition,” Working Paper, University of California, Berkeley, 2003.
Chong, Kuan…
+1 more