Experimental 'beauty contests' with homogeneous and heterogeneous players and with interior and boundary equilibria
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.
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|Date of creation:||2002|
|Date of revision:|
|Publication status:||Published in Economics Letters 2 74(2002): pp. 219-228|
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Web page: http://www.vwl.uni-muenchen.de
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