Raisonnement divinatoire à feedback négatif. Une investigation expérimentale

Angela Sutan and Marc Willinger

Revue économique, 2006, vol. 57, issue 2, 281-295

Abstract: In this article we examine the setting up of an eductive type of reasoning process in a negative feedback situation. We analyse a variant of a one-shot beauty contest game. Our results show a reasoning level of around 2 steps of introspection, which is enough to reach rapidly the rational expectations equilibrium. Classification JEL : C72, C91

JEL-codes: C72 C91 (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (2)

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