Bounded rational behaviour is commonly observed in experimental games and in real life situations. Neuroeconomics can help to understand the mental processing underlying bounded rationality and out-of-equilibrium behaviour. Here we report results from recent studies on the neural basis of limited steps of reasoning in a competitive setting —the beauty contest game. We use functional magnetic resonance imaging (fMRI) to study the neural correlates of human mental processes in strategic games. We apply a cognitive hierarchy model to classify subject’s choices in the experimental game according to the degree of strategic reasoning so that we can identify the neural substrates of different levels of strategizing. We found a correlation between ...
Chess involves the capacity to reason iteratively about potential intentional choices of an opponent...
Negotiation and trade typically require a mutual interaction while simultaneously resting in uncerta...
Neuroeconomists investigate how the human brain analyzes and makes decisions about financial situati...
Bounded rational behaviour is commonly observed in experimental games and in real life situations. N...
In social interactions, strategic uncertainty arises when the outcome of one’s choice depends on the...
This is a systematic study on learning in the repeated game from the neuroeconomics perspective. The...
During competitive interactions, humans have to estimate the impact of their own actions on their op...
In competitive situations, individuals need to adjust their behavioral strategy dynamically in respo...
Competing successfully against an intelligent adversary requires the ability to mentalize an opponen...
This study is the first to attempt to isolate a relationship between cognitive activity and equilibr...
In competitive situations, individuals need to adjust their behavioral strategy dynamically in respo...
In competitive situations, individuals need to adjust their behavioral strategy dynamically in respo...
Chess involves the capacity to reason iteratively about potential intentional choices of an opponent...
Negotiation and trade typically require a mutual interaction while simultaneously resting in uncerta...
Neuroeconomists investigate how the human brain analyzes and makes decisions about financial situati...
Bounded rational behaviour is commonly observed in experimental games and in real life situations. N...
In social interactions, strategic uncertainty arises when the outcome of one’s choice depends on the...
This is a systematic study on learning in the repeated game from the neuroeconomics perspective. The...
During competitive interactions, humans have to estimate the impact of their own actions on their op...
In competitive situations, individuals need to adjust their behavioral strategy dynamically in respo...
Competing successfully against an intelligent adversary requires the ability to mentalize an opponen...
This study is the first to attempt to isolate a relationship between cognitive activity and equilibr...
In competitive situations, individuals need to adjust their behavioral strategy dynamically in respo...
In competitive situations, individuals need to adjust their behavioral strategy dynamically in respo...
Chess involves the capacity to reason iteratively about potential intentional choices of an opponent...
Negotiation and trade typically require a mutual interaction while simultaneously resting in uncerta...
Neuroeconomists investigate how the human brain analyzes and makes decisions about financial situati...