Shapiro, Dmitry; Shi, Xianwen; Zillante, Artie - In: Games and Economic Behavior 86 (2014) C, pp. 308-329
We study how the predictive power of level-k models changes as we perturb the classical beauty contest setting along … Shin (2002) model as the unified framework for our study, and find that the predictive power of level-k models varies … considerably along these two dimensions. Level-k models are successful in predicting subject behavior in settings with symmetric …