Luccasen, R. Andrew - In: Economics Letters 121 (2013) 3, pp. 421-424
Some problems are more easily solved if context is provided. A stylized result from beauty contest experiments is that … experiment reported in this paper includes treatments in which context is added. In these treatments, participants are told … the average of all choices. The context provided in this experiment hinders, rather than enhances, higher-level thinking. …