More than meets the eye: an eye-tracking experiment on the beauty contest game

The beauty contest game has been used to analyze how many steps of reasoning subjects are able to perform. A common finding is that a majority seem to have low levels of reasoning. We use eye-tracking to investigate not only the number chosen in the game, but also the strategies in use and the numbe...

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Bibliographische Detailangaben
Hauptverfasser: Müller, Julia (VerfasserIn) , Schwieren, Christiane (VerfasserIn)
Dokumenttyp: Book/Monograph Arbeitspapier
Sprache:Englisch
Veröffentlicht: Heidelberg Universitätsbibliothek der Universität Heidelberg September 22, 2011
Schriftenreihe:Discussion paper series / University of Heidelberg, Department of Economics no. 516
In: Discussion paper series (no. 516)

Schlagworte:
Online-Zugang:Resolving-System, kostenfrei, Volltext: http://nbn-resolving.de/urn:nbn:de:bsz:16-opus-125243
Verlag, Volltext: http://www.ub.uni-heidelberg.de/archiv/12524
Resolving-System, Volltext: http://hdl.handle.net/10419/127326
Volltext
Verfasserangaben:Julia Müller; Christiane Schwieren
Beschreibung
Zusammenfassung:The beauty contest game has been used to analyze how many steps of reasoning subjects are able to perform. A common finding is that a majority seem to have low levels of reasoning. We use eye-tracking to investigate not only the number chosen in the game, but also the strategies in use and the numbers contemplated. We can show that not all cases that are seemingly level-1 or level-2 thinking indeed are {they might be highly sophisticated adaptations to beliefs about other people's limited reasoning abilities.
Beschreibung:Online Resource
Dokumenttyp:Systemvoraussetzungen: Acrobat Reader.