Risk sensitivity and theory of mind in human coordination
Fig 7
Role of sophistication level of CPT-agents in the stationary distributions of the Markov stag hunt game.
Darker colors indicate higher probability. We assumed equal agent parameters (i.e., discount factors β1 = β2 = 0.9, reference point b1 = b2 = 0, utility functions u1(x) = u2(x) = x, and weighting function ).