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http://dspace.mediu.edu.my:8181/xmlui/handle/10261/2095| Title: | Communication, coordination and competition in the beauty contest game: Eleven classroom experiments |
| Keywords: | Beauty Contest Games Experiments Communication Coordination Competition Meta-analysis |
| Description: | This paper introduces some new features in the standard experimental design of the beauty contest in order to allow communication among participants. With that aim, we use the mode instead of the mean and non-rival payoffs. This design encourages students to communicate their guessed number, with a higher probability if subjects know the 0 Nash equilibrium. The lack of communication can only be explained by subjects endowed with competitive other-regarding preferences.
Experiments are run in 11 classrooms ranging from 11 to 60 students in size. Participants are given at least one week to submit their guesses and a questionnaire
explaining their choice. Results indicate that: i) communication induces coordination in the responses, ii) communication does not guarantee any improvement in the average reasoning level, iii) there exist significative differences according
to classroom size and duration of degree. The authors gratefully acknowledge the financial support from the University of Jaén R+D program (# 20210/148). |
| URI: | http://dspace.mediu.edu.my:8181/xmlui/handle/10261/2095 |
| Other Identifiers: | http://hdl.handle.net/10261/2095 |
| Appears in Collections: | Digital Csic |
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