Construct · 1 fields · 1 citations

level-k thinking: a standalone construct

One name. One construct. A landmark on the map.

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Game theory

the idea that players reason a limited number of steps, each level best-responding to an assumed lower-level opponent.

In game theory, level-k thinking refers to the idea that players reason a limited number of steps, each level best-responding to an assumed lower-level opponent. This meaning comes from Stahl (1995) in Games and Economic Behavior.[1]

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game2 fields · 3 citationsjingle · one word, two constructs level1 fields · 1 citationsanchor · a standalone construct number3 fields · 6 citationsjingle · one word, three constructs

References

Stahl, D. O., & Wilson, P. W. (1995). On Players′ Models of Other Players: Theory and Experimental Evidence. Games and Economic Behavior, 10(1), 218-254. https://doi.org/10.1006/game.1995.1031

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