An experiment on deductive reasoning with negative feedback

Raisonnement divinatoire à feedback négatif: une investigation expérimentale

Angela Sutan and Marc Willinger

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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.

Keywords: Feedback (search for similar items in EconPapers)
Date: 2006
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Published in Revue Economique, 2006, 57 (2), pp.281-295. ⟨10.3917/reco.572.0281⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02656755

DOI: 10.3917/reco.572.0281

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