Rationality Levels in a Heterogeneous Dynamic Price Game
The Bertrand game is one of the basic game models in modern microeconomics. In some behavior experiments with game theory, it was shown that agents have different bounded rationality levels. In order to check the effect of bounded rationality levels on the stability of the equilibrium points in Bert...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2025-03-01
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| Series: | Axioms |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2075-1680/14/3/194 |
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