Runco, Mariano - In: Experimental Economics 16 (2013) 3, pp. 402-413
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>