A Historical Note on the Beauty Contest
AbstractAlain 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.
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Bibliographic InfoPaper provided by Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung) in its series MAGKS Papers on Economics with number 201211.
Length: 7 pages
Date of creation: 2012
Date of revision:
Publication status: Forthcoming in
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-02-27 (All new papers)
- NEP-EXP-2012-02-27 (Experimental Economics)
- NEP-GTH-2012-02-27 (Game Theory)
- NEP-HIS-2012-02-27 (Business, Economic & Financial History)
- NEP-HPE-2012-02-27 (History & Philosophy of Economics)
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- 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, vol. 9(1), pages 69-105, April.
- 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).
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