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This paper estimates depth of reasoning in an Iterative Best Response model using data from Weber (<CitationRef CitationID="CR20">2003</CitationRef>) ten-period repeated guessing game with no feedback. Different mixture models are estimated and the type (Level-0, Level-1, etc) of each player is determined in every round using the...</citationref>
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of play towards Nash equilibrium in repeated strategic interactions. We study behavior in a p-beauty contest experiment … understand better how subjects with different cognitive abilities learn differently, we estimate a structural model of learning … ability to that of character skills, and find that both cognition and personality affect behavior and learning. More agreeable …
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This paper reports results of a 100-round Yes-No game experiment conducted under the random matching protocol. In …’s offer. Although both games have the same solution outcome (i.e., the proposer offers the smallest possible amount and the … their repeated ultimatum bargaining experiment. Our main interest is which dynamics emerge when proposers and responders …
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