Shapiro, Dmitry; Shi, Xianwen; Zillante, Artie - University of Toronto, Department of Economics - 2009
We study how the predictive power of level-k models changes as we perturb the classical beauty contest setting along …) 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 information …