Bounded rationality and correlated equilibria
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DOI: 10.1007/s00182-016-0547-5
Abstract: We study an interactive framework that explicitly allows for nonrational behavior. We do not place any restrictions on how players’ behavior deviates from rationality, but rather, on players’ higher-order beliefs about the frequency of such… read more here.
Keywords: probability; bounded rationality; rationality; correlated equilibria ... See more keywords