Li, King King; Rong, Kang - In: Games 9 (2018) 3, pp. 1-14
Arad and Rubinstein (2012, AER) proposed the 11-20 money request game as an alternative to the P beauty contest game for measuring the depth of thinking. In this paper, we show theoretically that in the Nash equilibrium of the 11-20 game players are more likely to choose high numbers if they are...