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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, Nr. 2: S. 219-228
Volltext auf 'Open Access LMU' nicht verfügbar.

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.