Level-k reasoning in contests

Mark Bernard

Economics Letters, 2010, vol. 108, issue 2, 149-152

Abstract: We introduce level-k reasoning to contest theory, compare its predictions to those of Nash Equilibrium and relate to the experimental evidence.

Keywords: Contests; Cognitive; hierarchy (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:108:y:2010:i:2:p:149-152

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