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Beauty Contest game 1 Begrenzte Rationalität 1 Bounded rationality 1 Economic experiments 1 Elicitation methods 1 Experiment 1 Experimental economics 1 Experimentelle Ökonomik 1 Game theory 1 Generative base 1 Heterogeneity 1 Keynes 1 Keynesian economics 1 Keynesianismus 1 Level-k 1 Nash equilibrium 1 Nash-Gleichgewicht 1 Spieltheorie 1
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English 1
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Mauersberger, Felix 1 Nagel, Rosemarie 1
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Handbook of computational economics : Volume 4: Heterogeneous agent modeling 1
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ECONIS (ZBW) 1
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Chapter 10. Levels of Reasoning in Keynesian Beauty Contests: A Generative Framework
Mauersberger, Felix; Nagel, Rosemarie - In: Handbook of computational economics : Volume 4: …, (pp. 541-634). 2018
We introduce a generalization of the Beauty Contest (BC) game as a framework that incorporates different models from micro- and macroeconomics by formulating their reduced forms as special cases of the BC. Examples include public good games, ultimatum games, Bertrand, Cournot, some auctions,...
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