English, Article, Journal or magazine article edition: Logical Omniscience at the Laboratory Ludovic Renou; Ralph C. Bayer

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Bookmark: http://trove.nla.gov.au/version/128181
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Logical Omniscience at the Laboratory
Author
  • Ludovic Renou
  • Ralph C. Bayer
Physical Description
  • preprint
Notes
  • Homo Strategicus populates the vast plains of Game Theory. He knows all logical implications of his knowledge (logical omniscience) and chooses optimal strategies given his knowledge and beliefs (rationality). This paper investigates the extent to which the logical capabilities of Homo Sapiens Sapiens resemble those possessed by Homo Strategicus. Controlling for other-regarding preferences and beliefs about the rationality of others, we show, in the laboratory, that the ability of Homo Sapiens Sapiens to perform complex chains of iterative reasoning is much better than previously thought. Subjects were able to perform about two to three iterations of reasoning on average.
  • iterative reasoning; depth of reasoning; logical omniscience; rationality; experiments; other-regarding preferences
  • RePEc:lec:leecon:08/​16
Language
  • English
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