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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| Main Authors: | , |
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| Format: | Book/Monograph Working Paper |
| Language: | English |
| Published: |
Heidelberg
Universitätsbibliothek der Universität Heidelberg
September 22, 2011
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| Series: | Discussion paper series / University of Heidelberg, Department of Economics
no. 516 |
| In: |
Discussion paper series (no. 516)
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| Subjects: | |
| Online Access: | 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 
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| Author Notes: | Julia Müller; Christiane Schwieren |
| Summary: | 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. |
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| Physical Description: | Online Resource |
| Format: | Systemvoraussetzungen: Acrobat Reader. |