期刊名称:Discussion Paper Series / Universität Heidelberg, Department of Economics
出版年度:2011
卷号:2011
出版社:Universität Heidelberg, Department of Economics
摘要:The beauty contest game has been used to analyze how many steps of reasoningsubjects are able to perform. A common finding is that a majority seem to have lowlevels of reasoning. We use eye-tracking to investigate not only the number chosen inthe game, but also the strategies in use and the numbers contemplated. We can showthat not all cases that are seemingly level-1 or level-2 thinking indeed are – they mightbe highly sophisticated adaptations to beliefs about other people's limited reasoningabilities
关键词:beauty contest game; levels of reasoning; level-k model; strategic reason-;ing; cognitive hierarchy; iterated elimination of dominated strategies; experiment