Arad, Ayala; Rubinstein, Ariel - In: American Economic Review 102 (2012) 7, pp. 3561-73
We study experimentally a new two-player game: each player requests an amount between 11 and 20 shekels. He receives the requested amount and if he requests exactly one shekel less than the other player, he receives an additional 20 shekels. Level-k reasoning is appealing due to the natural...