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We study behavior in experimental beauty contests with, first, boundary and interior equilibria, and, second, homogeneous and heterogenous types of players. We find quicker and better convergence to the game-theoretic equilibrium with interior equilibria and homogeneous players. -- beauty...
Persistent link: https://www.econbiz.de/10009614296
described, statistically analyzed, and compared to usual laboratory ultimatum bargaining results. -- fairness ; ultimatum …
Persistent link: https://www.econbiz.de/10009614299