Strategic reasoning in p-beauty contests

DOI10.1016/J.GEB.2012.02.010MaRDI QIDQ423722zbMATH OpenOpenAlexFDO

Authors Yves Breitmoser

Publication date 4 June 2012

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

Full work available at URL https://doi.org/10.1016/j.geb.2012.02.010

zbMATH Keywords

level-\(k\)logit equilibriumbeauty contestnoisy introspection

Mathematics Subject Classification ID

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

Recommendations

• Revealing the depth of reasoning in p-beauty contest games
• The two-person beauty contest
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• The strategic environment effect in beauty contest games

Cites work

• scientific article; zbMATH DE number 3926050 (Why is no real title available?)
• A Cognitive Hierarchy Model of Games
• A dynamic homotopy interpretation of the logistic quantal response equilibrium correspondence
• A model of noisy introspection.
• Boundedly rational rule learning in a guessing game
• Computing sequential equilibria using agent quantal response equilibria
• Developments of NEWUOA for minimization without derivatives
• Estimating the dimension of a model
• Finite mixture models
• Heterogeneous quantal response equilibrium and cognitive hierarchies
• Level-k Auctions: Can a Nonequilibrium Model of Strategic Thinking Explain the Winner's Curse and Overbidding in Private-Value Auctions?
• Likelihood Ratio Tests for Model Selection and Non-Nested Hypotheses
• Limited Depth of Reasoning and Failure of Cascade Formation in the Laboratory
• On players' models of other players: Theory and experimental evidence
• On the persistence of strategic sophistication
• Optimization Incentives and Coordination Failure in Laboratory Stag Hunt Games
• Quantal response equilibria for normal form games

Cited in

(20)

• Guessing Games and People Behaviours: What Can We Learn?
• Knowing me, imagining you: projection and overbidding in auctions
• The \(\alpha \)-beauty contest: Choosing numbers, thinking intervals
• Anchored strategic reasoning
• A two-step guessing game
• The two-person beauty contest
• Rationalizability and Nash equilibria in guessing games
• Level-\(k\) reasoning in a generalized beauty contest
• Bounded rationality for relaxing best response and mutual consistency: the quantal hierarchy model of decision making
• Strategic uncertainty in markets for nonrenewable resources: a level-\(k\) approach
• The predominant role of signal precision in experimental beauty contests
• A model of noisy introspection.
• A Bayesian hierarchical model for inferring player strategy types in a number guessing game
• Inspired and inspiring: Hervé Moulin and the discovery of the beauty contest game
• Predicting human behavior in unrepeated, simultaneous-move games
• Out of your mind: eliciting individual reasoning in one shot games
• The strategic environment effect in beauty contest games
• Revealing the depth of reasoning in p-beauty contest games
• Experimental `beauty contests' with homogeneous and heterogeneous players and with interior and boundary equilibria
• Guessing with negative feedback: an experiment

Describes a project that uses

Uses Software

• NEWUOA

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