@techreport{de5b9fc1802142558a805658833ddbde,
title = "Sophisticated Players and Sophisticated Agents",
abstract = "A sophisticated player is an individual who takes the action of the opponents, in a strategic situation, as determined by decision of rational opponents, and acts accordingly. A sophisticated agent is rational in the choice of his action, but ignores the fact that he is part of a strategic situation. We discuss a notion of equilibrium with sophisticated agents, we provide conditions for its existence, and argue that it differs systematically from the Nash equilibrium.",
keywords = "Procedural rationality, sophisticated agents",
author = "A. Rustichini",
note = "Pagination: 26",
year = "1998",
language = "English",
volume = "1998-110",
series = "CentER Discussion Paper",
publisher = "Microeconomics",
type = "WorkingPaper",
institution = "Microeconomics",
}