| Güth, Werner; Kocher, Martin G.; Sutter, Matthias (2002): Experimental 'beauty contests' with homogeneous and heterogeneous players and with interior and boundary equilibria. In: Economics Letters, Vol. 74, No. 2: pp. 219-228 |
Full text not available from 'Open Access LMU'.
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.
| Item Type: | Journal article |
|---|---|
| Faculties: | Economics Economics > Chairs > Chair of Empirical Economics |
| Subjects: | 300 Social sciences > 330 Economics |
| ISSN: | 0165-1765 |
| Language: | English |
| ID Code: | 18165 |
| Deposited On: | 06. Feb 2014 15:28 |
| Last Modified: | 04. Nov 2020 12:59 |
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