In the context of an allocation game, this paper analyses the proposerś reported beliefs about the responderś willingness to accept (or reject) the proposed split of the pie. The proposerś beliefs are elicited via a quadratic scoring rule. An econometric model of the proposerś beliefs is...

Given a lack of perfect knowledge about the future, agents need to form expectations about variables affecting their decisions. We present an experiment where subjects sequentially receive signals about the true state of the world and need to form beliefs about which one is true, with payoffs...