Probability matching and strategic decision making
Journal of Behavioral and Experimental Economics（2022）
摘要
•Many people randomize choices even when doing so is sub-optimal.•Many people exhibit bounded rationality in strategic decision making.•We document that those two are related.•Due to this relationship, we may be cautious when inferring bounded rationality.
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关键词
Level-k reasoning,Probability matching,Cognitive bound,Preference for randomization
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