Czermak, Simon; Feri, Francesco; Daniela R?tzler; … - Institut für Finanzwissenschaft, Fakultät für … - 2010
We examine the strategic sophistication of adolescents, aged 10 to 17 years, in experimental normal-form games. Besides making choices, subjects have to state their first- and second-order beliefs. We find that choices are more often a best reply to beliefs if any player has a dominant strategy...