Experimental 'beauty contests' with homogeneous and heterogeneous players and with interior and boundary equilibria

Werner Güth (), Martin Kocher and Matthias Sutter

Munich Reprints in Economics from University of Munich, Department of Economics

Abstract: 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.

Date: 2002
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Published in Economics Letters 2 74(2002): pp. 219-228

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Related works:
Journal Article: Experimental 'beauty contests' with homogeneous and heterogeneous players and with interior and boundary equilibria (2002)
Working Paper: Experimental 'beauty contests' with homogeneous and heterogeneous players and with interior and boundary equilibria (2001)
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