Experimental 'beauty contests' with homogeneous and heterogeneous players and with interior and boundary equilibria

Werner Güth; Martin Kocher; Matthias Sutter

doi:10.1016/S0165-1765(01)00544-4

Experimental 'beauty contests' with homogeneous and heterogeneous players and with interior and boundary equilibria

Werner Güth, Martin Kocher, Matthias Sutter

Publications: Contribution to journal › Article › Peer Reviewed

Abstract

We study behavior in experimental beauty contests with, first, boundary and interior equilibria, and, second, homogeneous and heterogenous types of players. We find quicker and better convergence to the game-theoretic equilibrium with interior equilibria and homogeneous players.

Original language	English
Pages (from-to)	219-228
Number of pages	10
Journal	Economics Letters
Volume	74
Issue number	2
DOIs	https://doi.org/10.1016/S0165-1765(01)00544-4
Publication status	Published - 1 Jan 2002
Externally published	Yes

Austrian Fields of Science 2012

502053 Economics

Keywords

Beauty contest experiments
Individual behavior

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10.1016/S0165-1765(01)00544-4

Cite this

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title = "Experimental 'beauty contests' with homogeneous and heterogeneous players and with interior and boundary equilibria",

abstract = "We study behavior in experimental beauty contests with, first, boundary and interior equilibria, and, second, homogeneous and heterogenous types of players. We find quicker and better convergence to the game-theoretic equilibrium with interior equilibria and homogeneous players.",

keywords = "Beauty contest experiments, Individual behavior",

author = "Werner G{\"u}th and Martin Kocher and Matthias Sutter",

year = "2002",

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doi = "10.1016/S0165-1765(01)00544-4",

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AU - Güth, Werner

AU - Kocher, Martin

AU - Sutter, Matthias

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Y1 - 2002/1/1

N2 - We study behavior in experimental beauty contests with, first, boundary and interior equilibria, and, second, homogeneous and heterogenous types of players. We find quicker and better convergence to the game-theoretic equilibrium with interior equilibria and homogeneous players.

AB - We study behavior in experimental beauty contests with, first, boundary and interior equilibria, and, second, homogeneous and heterogenous types of players. We find quicker and better convergence to the game-theoretic equilibrium with interior equilibria and homogeneous players.

KW - Beauty contest experiments

KW - Individual behavior

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U2 - 10.1016/S0165-1765(01)00544-4

DO - 10.1016/S0165-1765(01)00544-4

M3 - Article

AN - SCOPUS:0036006545

SN - 0165-1765

VL - 74

SP - 219

EP - 228

JO - Economics Letters

JF - Economics Letters

IS - 2

ER -

Experimental 'beauty contests' with homogeneous and heterogeneous players and with interior and boundary equilibria

Abstract

Austrian Fields of Science 2012

Keywords

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