Robert Wilson

economist · 5 mentions across 1 reading

In this course

Robert Wilson is an economist known for foundational work in game theory and bounded rationality, particularly the cognitive hierarchy model that attempts to explain how players think through multiple levels of strategic reasoning. The course readings cite Wilson alongside Stahl in developing empirical models of how agents actually behave in games—deviating from perfect rationality assumptions—and use this framework to test whether simplified models like Poisson-CH can predict real decision-making without assuming infinite steps of logical reasoning. His work matters here because it bridges classical game theory with behavioral economics and cognitive science, providing tools to model the kind of limited, layered thinking that AI systems must navigate in multi-agent environments.

Mentioned in 1 reading

Colin F. Camerer, Teck-Hua Ho, Juin-Kuan Chong

A Cognitive Hierarchy Model of Games

Another possibility is to assume that k-step players realize there are other k-step thinkers (g<sub>k</sub>(k) > 0). Self-awareness of this sort is a step away from the goal of creating a precise disequilibrium theory, because it imposes co…A COGNITIVE HIERARCHY MODEL 879 TABLE IV MODEL FIT (LOG-LIKELIHOOD LL AND MEAN SQUARED DEVIATION MSD) | Data set | Stahl and Wilson | Cooper and Van Huyck | Costa-Gomes et al. | Mixed | Entry | | :--- | :---: | :---: | :---: | :---: | :--…The graphs enable us to answer an important question visually: when the Nash predictions are good approximations, is Poisson-CH almost as accurate? The answer appears to be yes, because there are few points with low Nash deviations and high…

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Appears alongside

People mentioned in the same passages — sorted by co-occurrence weight.

Dale Stahl 4 John Nash 3 Miguel Costa-Gomes 3 John B. Van Huyck 2 Russell Cooper 2 Antoni Bosch-Domenech 1 Colin Camerer 1 Keith Weigelt 1 Teck Ho 1 Dale O. Stahl 1 Siméon Denis Poisson 1 David Cooper 1 John Van Huyck 1