equilibrium typically outperform HQRE models with level-k or cursed equilibrium beliefs in terms of in- and out-of-sample quartile …

We present and conduct a novel experiment on a dynamic beauty contest game motivated by the canonical New … experiment deviate more from the rational expectations equilibrium prices under strategic complementarity than under strategic …

This paper uses a laboratory experiment to test the predictions of a dynamic global game designed to capture the self … aggressiveness in actions stems from the aggressiveness of their beliefs about others' actions …