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A Historical Note on the Beauty Contest

Author

Listed:
  • Christoph Bühren

    (University of Kassel)

  • Björn Frank

    (University of Kassel)

  • Rosemarie Nagel

    (University Pompeu Fabra)

Abstract

Alain Ledoux, who was one of over 6,000 chess players taking part in Bühren and Frank´s (2012) online Beauty Contest experiment, turned out to be the forgotten inventor of that game. We reconstruct the birth of the Beauty Contest. In section 1 of our note, its first two authors outline the history of the game that metamorphosed into the famous guessing game experiment which was first run in the lab by Rosemarie Nagel. In section 2, Rosemarie Nagel adds further remarks and thoughts about the development of the experimental Beauty Contest.

Suggested Citation

  • Christoph Bühren & Björn Frank & Rosemarie Nagel, 2012. "A Historical Note on the Beauty Contest," MAGKS Papers on Economics 201211, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    • Handle: RePEc:mar:magkse:201211
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    File URL: https://www.uni-marburg.de/en/fb02/research-groups/economics/macroeconomics/research/magks-joint-discussion-papers-in-economics/papers/2012-papers/11-2012_buehren.pdf
    File Function: First version, 2012
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    Citations

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    Cited by:

    1. Hohler, J. & Muller, J. & Kuhl, R., 2018. "Explaining market behavior of farmers - Findings from an experimental beauty contest game with different contexts," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277121, International Association of Agricultural Economists.
    2. van Damme, Eric & Binmore, Kenneth G. & Roth, Alvin E. & Samuelson, Larry & Winter, Eyal & Bolton, Gary E. & Ockenfels, Axel & Dufwenberg, Martin & Kirchsteiger, Georg & Gneezy, Uri & Kocher, Martin G, 2014. "How Werner Güth's ultimatum game shaped our understanding of social behavior," Journal of Economic Behavior & Organization, Elsevier, vol. 108(C), pages 292-318.
    3. Penalver, Adrian & Hanaki, Nobuyuki & Akiyama, Eizo & Funaki, Yukihiko & Ishikawa, Ryuichiro, 2020. "A quantitative easing experiment," Journal of Economic Dynamics and Control, Elsevier, vol. 119(C).
    4. Shu-Heng Chen & Ye-Rong Du & Lee-Xieng Yang, 2014. "Cognitive capacity and cognitive hierarchy: a study based on beauty contest experiments," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 9(1), pages 69-105, April.
    5. Christoph Bühren & Björn Frank, 2010. "Chess players' performance beyond 64 squares: A case study on the limitations of cognitive abilities transfer," MAGKS Papers on Economics 201019, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    6. repec:awi:wpaper:0516 is not listed on IDEAS
    7. Ravi Kashyap, 2019. "Concepts, Components and Collections of Trading Strategies and Market Color," Papers 1910.02144, arXiv.org, revised Jan 2020.

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