Eliciting beliefs in beauty contest experiments

Yaron Lahav

Economics Letters, 2015, vol. 137, issue C, 45-49

Abstract: Using elicited beliefs in several treatments of the beauty contest experiment, we show that (a) belief elicitation does not affect decisions, (b) beliefs and choices are inconsistent, and (c) players are more sophisticated compared to previous work.

Keywords: Beauty contest; Belief elicitation; Higher order beliefs; Level of sophistication; Reasoning; Strategic play (search for similar items in EconPapers)
JEL-codes: C9 D7 D8 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:137:y:2015:i:c:p:45-49

DOI: 10.1016/j.econlet.2015.08.024

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