Beliefs and Endogenous Cognitive Levels An Experimental Study

Uses a laboratory setting to manipulate our subjectsÊ¼ 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 subjectÊ¼s 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.

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Year of publication:	2012-07-30
Authors:	Agranov, Marina ; Potamites, Elizabeth ; Schotter, Andrew ; Tergiman, Chloe
Institutions:	Mathematica Policy Research
Subject:	Guessing game Beliefs Level-k theory

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Extent:	text/html
Series:	Mathematica Policy Research Reports.
Type of publication:	Book / Working Paper
Classification:	I - Health, Education, and Welfare
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011102238