Sandiumenge Boy, Màxim2019-07-032019-07-032019http://hdl.handle.net/10230/41924Treball de Fi de Grau en Economia. Curs 2018-2019Rules of thumb, deviations from the standard objective functions, or explicit cognitive bounds have been introduced in Industrial Organization to tackle irrationality. At the same time, a considerable literature has been extending level-k since Nagel (1995), but little has been done on its application outside experimental settings. To address this we define a model of boundedly rationality and we apply it to a Cournot competition game, finding that the accuracy of anticipation and the distribution of level 0 players’ action play a critical role in explaining which firms become larger in dynamic settings.application/pdfengAtribución-NoComercial-SinDerivadas 3.0 EspañaTreball de fi de grau – Curs 2018-2019Cournot, A. A. (Antoine Augustin), 1801-1877Anticipacions racionals (Teoria econòmica)MacroeconomiaCompetència econòmica|info:eu-repo/semantics/bachelorThesisinfo:eu-repo/semantics/openAccess