Beliefs and endogenous cognitive levels: An experimental study

B-Tier
Journal: Games and Economic Behavior
Year: 2012
Volume: 75
Issue: 2
Pages: 449-463

Authors (4)

Agranov, Marina (not in RePEc) Potamites, Elizabeth (not in RePEc) Schotter, Andrew (New York University (NYU)) Tergiman, Chloe (not in RePEc)

Score contribution per author:

0.503 = (α=2.01 / 4 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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.

Technical Details

RePEc Handle
repec:eee:gamebe:v:75:y:2012:i:2:p:449-463
Journal Field
Theory
Author Count
4
Added to Database
2026-01-29