RULE RATIONALITY

B-Tier
Journal: International Economic Review
Year: 2016
Volume: 57
Issue: 3
Pages: 997-1026

Authors (2)

Yuval Heller (not in RePEc) Eyal Winter (Lancaster University)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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 rationality and “Stackelberg stability” (no player can earn from playing first).

Technical Details

RePEc Handle
repec:wly:iecrev:v:57:y:2016:i:3:p:997-1026
Journal Field
General
Author Count
2
Added to Database
2026-01-29