Guessing with negative feedback: an experiment

DOI10.1016/j.jedc.2009.01.005zbMath1170.91346OpenAlexW2154581635MaRDI QIDQ2270566

Angela Sutan, Marc Willinger

Publication date: 28 July 2009

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

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

zbMATH Keywords

negative feedbackguessing gamesstrategic substitutes vs. strategic complements

Mathematics Subject Classification ID

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

Related Items (8)

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

Uses Software

• Z-Tree

Cites Work

• Unnamed Item
• Price stability and volatility in markets with positive and negative expectations feedback: an experimental investigation
• Boundedly rational rule learning in a guessing game
• Shrouded Attributes, Consumer Myopia, and Information Suppression in Competitive Markets
• A Cognitive Hierarchy Model of Games
• Limited Rationality and Strategic Interaction: The Impact of the Strategic Environment on Nominal Inertia
• Experimental `beauty contests' with homogeneous and heterogeneous players and with interior and boundary equilibria

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