Elicited salience and salience-based level-k

Irenaeus Wolff

Economics Letters, 2016, vol. 141, issue C, 134-137

Abstract: A level-k model based on a specific salience-pattern is the only model in the literature that accounts for behaviour in hide-and-seek games. This paper presents nine different experiments designed to measure salience. The elicited salience patterns tend to be similar, but none of them is similar to the pattern needed to allow the level-k model explain the hide-and-seek data. When based on any of the empirical salience measures, the salience-based level-k model does not fit the data well.

Keywords: ABAA; Hide and seek; Cognitive hierarchy; Strategic reasoning (search for similar items in EconPapers)
JEL-codes: C72 C91 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:141:y:2016:i:c:p:134-137

DOI: 10.1016/j.econlet.2016.02.011

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