Strategic Cost and ‘Matching Pennies’
Evidence supports the contention that humans find it costly to carry out some sorts of strategies. Such costs are unlikely to be observed directly, but various models have been proposed to represent them. We discuss a method for testing the empirical worth of these models.
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|Date of creation:||Jul 1999|
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- Neyman, Abraham, 1985. "Bounded complexity justifies cooperation in the finitely repeated prisoners' dilemma," Economics Letters, Elsevier, vol. 19(3), pages 227-229.
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Elsevier, vol. 39(1), pages 83-96, June.
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- Bacharach, M. & Shin, H.S. & Williams, M., 1992. "Sophisticated Bounded Agents Play the Repeated Dilemma," Economics Series Working Papers 99143, University of Oxford, Department of Economics.
- Radner, Roy, 1980. "Collusive behavior in noncooperative epsilon-equilibria of oligopolies with long but finite lives," Journal of Economic Theory, Elsevier, vol. 22(2), pages 136-154, April. Full references (including those not matched with items on IDEAS)
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