How portable is level-0 behavior? A test of level-k theory in game with non-neutral frames

Hargreaves-Heap, Shaun, Rojo Arjona, David and Sugden, Robert (2014) How portable is level-0 behavior? A test of level-k theory in game with non-neutral frames. Econometrica, 82 (3). 1133–1151. ISSN 1468-0262

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Abstract

We test the portability of level-0 assumptions in level-k theory in an experimental investigation of behavior in Coordination, Discoordination, and Hide and Seek games with common, non-neutral frames. Assuming that level-0 behavior depends only on the frame, we derive hypotheses that are independent of prior assumptions abou tsalience. Those hypotheses are not confirmed. Our findings contrast with previous research which has fitted parameterized level-k models to Hide and Seek data. We show that, as a criterion of successful explanation, the existence of a plausible model that replicates the main patterns in these data has a high probability of false positives.

Item Type:	Article
Uncontrolled Keywords:	level-k theory,hide and seek,coordination,discoordination
Faculty \ School:	Faculty of Social Sciences > School of Economics
UEA Research Groups:	Faculty of Social Sciences > Research Groups > Economic Theory Faculty of Social Sciences > Research Centres > Centre for Behavioural and Experimental Social Sciences Faculty of Social Sciences > Research Centres > Centre for Competition Policy Faculty of Social Sciences > Research Groups > Behavioural Economics
Depositing User:	Pure Connector
Date Deposited:	25 Jul 2014 13:56
Last Modified:	19 Apr 2023 00:08
URI:	https://ueaeprints.uea.ac.uk/id/eprint/48508
DOI:	10.3982/ECTA11132

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