The two-person beauty contest

被引：56
|
作者：
Grosskopf, Brit [1 ]
Nagel, Rosemarie [2 ]
机构：
[1] Texas A&M Univ, College Stn, TX 77843 USA
[2] Univ Pompeu Fabra, Barcelona 08005, Spain
来源：
GAMES AND ECONOMIC BEHAVIOR | 2008年 / 62卷 / 01期
关键词：
beauty contest; guessing game; bounded rationality; weak dominance;
D O I：
10.1016/j.geb.2007.03.004
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We introduce a two-person beauty contest game with a unique Nash equilibrium that is identical to the game with many players. However, iterative reasoning is unnecessary in the two-person game as choosing zero is a weakly dominant strategy. Despite this "easier" solution concept, we find that a large majority of players do not choose zero. This is the case even with a sophisticated subject pool. (C) 2007 Elsevier Inc. All rights reserved.
引用
收藏
页码：93 / 99
页数：7
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