RULE RATIONALITY

Volume: 57, Issue: 3, Pages: 997 - 1026
Published: Aug 1, 2016
Abstract
We study the strategic advantages of following rules of thumb that bundle different games together (called rule rationality) when this may be observed by one's opponent. We present a model in which the strategic environment determines which kind of rule rationality is adopted by the players. We apply the model to characterize the induced rules and outcomes in various interesting environments. Finally, we show the close relations between act...
Paper Details
Title
RULE RATIONALITY
Published Date
Aug 1, 2016
Volume
57
Issue
3
Pages
997 - 1026
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