Beliefs and endogenous cognitive levels: An experimental study

Marina Agranov, Elizabeth Potamites, Andrew Schotter, Chloe Jeanne Tergiman

Research output: Contribution to journalArticle

25 Citations (Scopus)

Abstract

In this paper we use a laboratory setting to manipulate our subjects' beliefs about the cognitive levels of the players they are playing against. We show that in the context of the 2/3 guessing game, individual choices crucially depend on their beliefs about the level of others. Hence, a subject's true cognitive level may be different than the one he exhibits in a game with the difference being attributed to his expectations about the sophistication of the players he is playing against.

Original languageEnglish (US)
Pages (from-to)449-463
Number of pages15
JournalGames and Economic Behavior
Volume75
Issue number2
DOIs
StatePublished - Jul 1 2012

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Experimental study
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All Science Journal Classification (ASJC) codes

  • Economics and Econometrics
  • Finance

Cite this

Agranov, Marina ; Potamites, Elizabeth ; Schotter, Andrew ; Tergiman, Chloe Jeanne. / Beliefs and endogenous cognitive levels : An experimental study. In: Games and Economic Behavior. 2012 ; Vol. 75, No. 2. pp. 449-463.
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Beliefs and endogenous cognitive levels : An experimental study. / Agranov, Marina; Potamites, Elizabeth; Schotter, Andrew; Tergiman, Chloe Jeanne.

In: Games and Economic Behavior, Vol. 75, No. 2, 01.07.2012, p. 449-463.

Research output: Contribution to journalArticle

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