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  • 标题:Boundary and interior equilibria: what drives convergence in a ‘beauty contest'?
  • 本地全文:下载
  • 作者:Andrea Morone ; Piergiuseppe Morone
  • 期刊名称:Economics Bulletin
  • 电子版ISSN:1545-2921
  • 出版年度:2010
  • 卷号:30
  • 期号:3
  • 页码:2097-2106
  • 出版社:Economics Bulletin
  • 摘要:We present an experimental game in the p-beauty framework. Building on the definitions of boundary and interior equilibria, we distinguish between 'speed of convergence towards the game-theoretic equilibrium' and 'deviations of the guesses from the game-theoretic.equilibrium'..In.contrast.to.earlier.findings.(Güth.et.al.,.2002),.we.show.that.(i).interior equilibria initially produce smaller deviation of the guesses from the game-theoretic equilibrium compared to boundary equilibria; (ii) interior and boundary equilibria do not differ in the timeframe needed for convergence; (iii) the speed of convergence is higher in the boundary equilibrium
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