التفاصيل البيبلوغرافية
العنوان: |
A two-step guessing game. |
المؤلفون: |
Li, King King, Rong, Kang |
المصدر: |
Theory & Decision; Aug2024, Vol. 97 Issue 1, p89-108, 20p |
مصطلحات موضوعية: |
BEAUTY contests, GAMES |
مستخلص: |
We propose a two-step guessing game to measure the depth of thinking. We apply this method to the P beauty contest game. Using our method, we find that 81% of subjects do not make choice following best response reasoning while the classical method would suggest only 12%. The result suggests that the classical method has the fundamental problem that it cannot distinguish if a submitted number is due to best response reasoning or not. It also suggests that traditional level k analysis falsely attributes some sophistication to random players, and that the degree of false attribution is large. Our procedure provides an alternative way to identify whether the individual has best response reasoning which is essential for any positive level of depth of thinking and differentiates between the depth of thinking and random choice, and hence provides a very different conclusion, which is suggestive of limitations of the classical method. [ABSTRACT FROM AUTHOR] |
|
Copyright of Theory & Decision is the property of Springer Nature and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) |
قاعدة البيانات: |
Complementary Index |