.... Wichardt 2024 F. Kemper and P. C. Wichardt Licensed re-use rights only Behavioural inconsistencies context effects limited foresight procedural decision making utility C70 D01 D91 One of the fundamental assumptions in microeconomic theory is that what influences individual...

... reinforcement learning models when players have limited foresight, we explore if players learn to backward induce more after ten rounds of C21 compared to G21. To compare the amount of learning between C21 and G21 with a more precise measure of foresight, the experiment introduces the novel concept of a “dumb...