Beliefs and Endogenous Cognitive Levels: An Experimental Study

Marina Agranov, Elizabeth Potamites, Andrew Schotter and Chloe Tergiman

Mathematica Policy Research Reports from Mathematica Policy Research

Abstract: Uses a laboratory setting to manipulate our subjectsʼ beliefs about the cognitive levels of the players they are playing against. We show that in the context of the 2/3 guessing game, individual choices crucially depend on their beliefs about the level of others.

Keywords: Guessing game; Beliefs; Level-k theory (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-evo, nep-exp and nep-neu
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Citations: View citations in EconPapers (48)

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Journal Article: Beliefs and endogenous cognitive levels: An experimental study (2012)
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