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Level-k reasoning in contests

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  • Bernard, Mark

Abstract

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

Suggested Citation

  • Bernard, Mark, 2010. "Level-k reasoning in contests," Economics Letters, Elsevier, vol. 108(2), pages 149-152, August.
    • Handle: RePEc:eee:ecolet:v:108:y:2010:i:2:p:149-152
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    Cited by:

    1. Volker Benndorf & Dorothea Kübler & Hans-Theo Normann, 2017. "Depth of Reasoning and Information Revelation: An Experiment on the Distribution of k-Levels," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 19(04), pages 1-18, December.
    2. Malin Arve & Marco Serena, 2022. "Level- k Models and Overspending in Contests," Games, MDPI, vol. 13(3), pages 1-12, June.
    3. Oren Bar-Gill & Christoph Engel, 2020. "Property is Dummy Proof: An Experiment," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2020_02, Max Planck Institute for Research on Collective Goods.
    4. Brünner, Tobias, 2020. "Self-selection with non-equilibrium beliefs: Predicting behavior in a tournament experiment," Journal of Economic Behavior & Organization, Elsevier, vol. 169(C), pages 389-396.

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    Keywords

    Contests Cognitive hierarchy;

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