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We study the impact of advice or observation on the depth of reasoning in an experimental beauty-contest game. Both … sources of information trigger faster convergence to the equilibrium. Yet, we find that subjects who receive naive advice …
Persistent link: https://www.econbiz.de/10010293382
We study the impact of advice or observation on the depth of reasoning in an experimental beauty-contest game. Both … sources of information trigger faster convergence to the equilibrium. Yet, we find that subjects who receive naïve advice …
Persistent link: https://www.econbiz.de/10010325406
The famous game of two cars is a pursuit-evasion dynamic game. In theextended version presented here, a correct driver (evader) on a freeway detectsa wrong-way driver (pursuer in a worst case scenario), i.e., a car driving on thewrong lanes of the road or in the wrong direction. The correct...
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We study the impact of advice or observation on the depth of reasoning in an experimental beauty-contest game. Both … sources of information trigger faster convergence to the equilibrium. Yet, we find that subjects who receive naïve advice …
Persistent link: https://www.econbiz.de/10011350357
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