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

Werner Güth (), Martin Kocher and Matthias Sutter

No 2001,45, SFB 373 Discussion Papers from Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes

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.

Keywords: beauty contest experiments; individual behavior (search for similar items in EconPapers)
JEL-codes: C72 C91 (search for similar items in EconPapers)
Date: 2001
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Citations: View citations in EconPapers (5)

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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 (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:sfb373:200145

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