Guessing with negative feedback: an experiment

DOI10.1016/J.JEDC.2009.01.005MaRDI QIDQ2270566zbMATH OpenOpenAlexFDO

Authors Angela Sutan, Marc Willinger

Publication date 28 July 2009

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jedc.2009.01.005

zbMATH Keywords

guessing gamesnegative feedbackstrategic substitutes vs. strategic complements

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24)

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Cites work

• A Cognitive Hierarchy Model of Games
• Boundedly rational rule learning in a guessing game
• Experimental `beauty contests' with homogeneous and heterogeneous players and with interior and boundary equilibria
• scientific article; zbMATH DE number 1907684 (Why is no real title available?)
• Limited Rationality and Strategic Interaction: The Impact of the Strategic Environment on Nominal Inertia
• Price stability and volatility in markets with positive and negative expectations feedback: an experimental investigation
• Shrouded attributes, consumer myopia, and information suppression in competitive markets

Cited in

(9)

• Limited rationality and the strategic environment: further theory and experimental evidence
• The strategic environment effect in beauty contest games
• On the role of heuristics -- experimental evidence on inflation dynamics
• Learning in two-dimensional beauty contest games: theory and experimental evidence
• Price stability and volatility in markets with positive and negative expectations feedback: an experimental investigation
• When speculators meet suppliers: positive versus negative feedback in experimental housing markets
• Behavioral influences on strategic interactions outcomes in game theory models
• The heterogeneous expectations hypothesis: Some evidence from the lab
• Cognitive reflection in experimental anchored guessing games

Describes a project that uses

Uses Software

• Z-Tree

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