Published July 2012
| Submitted
Journal Article
Open
Beliefs and endogenous cognitive levels: An experimental study
Abstract
In this paper we use a laboratory setting to manipulate our subjectsʼ beliefs about the cognitive levels of the players they are playing against. We show that in the context of the 2/3 guessing game, individual choices crucially depend on their beliefs about the level of others. Hence, a subjectʼs true cognitive level may be different than the one he exhibits in a game with the difference being attributed to his expectations about the sophistication of the players he is playing against.
Additional Information
© 2012 Elsevier. Received 18 April 2011. Available online 17 February 2012. We thank the Center for Experimental Social Sciences (CESS) at New York University for providing the financial support for this study. We also thank Colin Camerer, Giorgio Coricelli, Vincent Crawford, Nagore Iriberri, Rosemarie Nagel and Stefan Penczynski for very helpful comments.Attached Files
Submitted - Beliefs-and-Endogenous-Congnitive-Levels-An-Experimental-Study-Agranov-Schotter-Potamites-Tergiman.pdf
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Beliefs-and-Endogenous-Congnitive-Levels-An-Experimental-Study-Agranov-Schotter-Potamites-Tergiman.pdf
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Additional details
- Eprint ID
- 64857
- Resolver ID
- CaltechAUTHORS:20160229-135722745
- New York University Center for Experimental Social Sciences
- Created
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2016-02-29Created from EPrint's datestamp field
- Updated
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2021-11-10Created from EPrint's last_modified field