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:	2002
Authors:	Güth, Werner ; Kocher, Martin G. ; Sutter, Matthias
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München

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Series:	Munich Reprints in Economics.
Type of publication:	Book / Working Paper
Notes:	Published in Economics Letters 2 74(2002): pp. 219-228
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011019620