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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, No. 2: pp. 219-228
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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.