The strategic environment effect in beauty contest games

DOI10.1016/J.GEB.2018.11.006MaRDI QIDQ1735772zbMATH OpenOpenAlexFDO

Authors Nobuyuki Hanaki, Yukio Koriyama, Angela Sutan, Marc Willinger

Publication date 29 March 2019

Published in Games and Economic Behavior (Search for Journal in Brave)

Full work available at URL https://halshs.archives-ouvertes.fr/halshs-01929113/file/BCG2018_11_16.pdf

zbMATH Keywords

beauty contest gamesiterative reasoningstrategic complementaritystrategic substitutability

Mathematics Subject Classification ID

Noncooperative games (91A10) Rationality and learning in game theory (91A26) Experimental studies (91A90)

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Cites work

• A Cognitive Hierarchy Model of Games
• A model of noisy introspection.
• A Rational Route to Randomness
• Bertrand colludes more than Cournot
• Cooperation in experimental games of strategic complements and substitutes
• Experimental `beauty contests' with homogeneous and heterogeneous players and with interior and boundary equilibria
• From imitation to collusion: long-run learning in a low-information environment
• Guessing with negative feedback: an experiment
• Heterogeneous quantal response equilibrium and cognitive hierarchies
• scientific article; zbMATH DE number 1907684 (Why is no real title available?)
• Individual expectations, limited rationality and aggregate outcomes
• Inspired and inspiring: Hervé Moulin and the discovery of the beauty contest game
• 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
• Quantal response equilibria for normal form games
• Strategic reasoning in p-beauty contests
• The control of game form recognition in experiments: Understanding dominant strategy failures in a simple two person ``guessing game
• The General Theory of Employment, Interest, and Money
• The two-person beauty contest

Cited in

(7)

• Inspired and inspiring: Hervé Moulin and the discovery of the beauty contest game
• Limited rationality and the strategic environment: further theory and experimental evidence
• Guessing with negative feedback: an experiment
• Strategic reasoning in p-beauty contests
• The predominant role of signal precision in experimental beauty contests
• Asymmetric guessing games
• Cognitive reflection in experimental anchored guessing games

Describes a project that uses

Uses Software

• Stata
• permtest1

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