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dc.contributor.authorBottero, Margheritaen
dc.date.accessioned2012-02-14-
dc.date.accessioned2012-03-28T13:06:56Z-
dc.date.available2012-03-28T13:06:56Z-
dc.date.issued2010-
dc.identifier.urihttp://hdl.handle.net/10419/56237-
dc.description.abstractIn the present work, I adopt the cognitive hierarchy approach to analyze the centipede game. To this end, I present and study an extensive-form version of Camerer et al.'s (2004) original normal-form model. The resulting predictions are evaluated empirically using laboratory data borrowed from a previously published experiment. The paper features two main contributions. First, it presents a parsimonious model that can, in principle, be generalized to any two-person extensive-form game of perfect information. Secondly, it demonstrates that in the centipede game the cognitive hierarchy approach leads to predictions which are not fully backwardly inductive and that can help to explain some key feature of the experimental data.en
dc.language.isoengen
dc.publisher|aStockholm School of Economics, The Economic Research Institute (EFI) |cStockholmen
dc.relation.ispartofseries|aSSE/EFI Working Paper Series in Economics and Finance |x723en
dc.subject.jelC72en
dc.subject.jelC92en
dc.subject.jelD03en
dc.subject.jelD81en
dc.subject.ddc330en
dc.subject.keywordcentipede gameen
dc.subject.keywordcognitive hierarchyen
dc.subject.keywordparadox backward inductionen
dc.subject.keywordexperimental data analysisen
dc.subject.stwNormalformspielen
dc.subject.stwEntscheidung bei Unsicherheiten
dc.subject.stwVerhaltensökonomiken
dc.subject.stwSpieltheorieen
dc.subject.stwTesten
dc.titleCognitive hierarchies and the centipede game-
dc.typeWorking Paperen
dc.identifier.ppn617795290en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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