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In the literature there are at least two main formal structures to deal with situations of interactive epistemology: Kripke models and type spaces. As shown in many papers (see Aumann and Brandenburger in Econometrica 36:1161–1180, 1995; Baltag et al. in Synthese 169:301–333, 2009; Battigalli and Bonanno in Res Econ 53(2):149–225, 1999; Battigalli...
Evolutionary game theory classically investigates which behavioral patterns are evolutionarily successful in a single game. More recently, a number of contributions have studied the evolution of preferences instead: which subjective conceptualizations of a game's payoffs give rise to evolutionarily successful behavior in a single game. Here, we wan...
We compare level-κ utility maximization and level-κ regret minimization in evolutionary competition based on averages of one-shot plays over many randomly generated strategic games. Under the assumption that Theory-of-Mind-reasoning of depth κ incurs a cost monotoni- cally increasing with κ, our results show that mixed states with low levels of rea...