Experimental 'beauty contests' with homogeneous and heterogeneous players and with interior and boundary equilibria

We study behavior in experimental beauty contests with, first, boundary and interior equilibria, and, second, homogeneous and heterogenous types of players. We find quicker and better convergence to the game-theoretic equilibrium with interior equilibria and homogeneous players.

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Year of publication:	2001
Authors:	Güth, Werner ; Kocher, Martin ; Sutter, Matthias
Institutions:	Sonderforschungsbereich 373, Quantifikation und Simulation ökonomischer Prozesse, Wirtschaftswissenschaftliche Fakultät
Subject:	beauty contest experiments \| individual behavior

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Extent:	application/pdf
Series:	SFB 373 Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 2001,45
Classification:	C72 - Noncooperative Games ; C91 - Laboratory, Individual Behavior
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010983429