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"Beauty contests" are well-studied, dominance-solvable games that generate two interesting results. First, most behavior does not conform to the unique Nash equilibrium. Second, there is considerable unexplained heterogeneity in behavior. In this work, we evaluate the relationship between beauty...
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' beliefs. Various proposals connected with the concept of mixed strategy Nash equilibrium do not match this description. On the … other hand minimax regret obeys all the axioms. Therefore we use minimax regret to approximate players' beliefs and we let … players best respond to these conjectured beliefs. When compared with existing experimental evidences about one shot matching …
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