Universität zu Köln

Goeree, Jacob K., Louis, Philippos ORCID: 0000-0003-1316-4701 and Zhang, Jingjing (2018). Noisy Introspection in the 11-20 Game. Econ. J., 128 (611). S. 1509 - 1531. HOBOKEN: WILEY. ISSN 1468-0297

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Abstract

Previous experiments based on the 11-20 game have produced evidence for the level-k model with observed levels of strategic thinking consistently ranging from 0 to 3. Our baseline treatment uses the 11-20 game and replicates previous results. We apply four models of strategic thinking to the baseline-treatment data and use these to predict behaviour and beliefs in five other treatments that employ games with a very similar structure. The best predictive performance is achieved by models that incorporate common knowledge of noise'. A model of noisy introspection, which does so, predicts behaviour remarkably well.

Item Type:	Journal Article
Creators:	Creators Email ORCID ORCID Put Code Goeree, Jacob K. UNSPECIFIED UNSPECIFIED UNSPECIFIED Louis, Philippos UNSPECIFIED orcid.org/0000-0003-1316-4701 UNSPECIFIED Zhang, Jingjing UNSPECIFIED UNSPECIFIED UNSPECIFIED
URN:	urn:nbn:de:hbz:38-184732
DOI:	10.1111/ecoj.12479
Journal or Publication Title:	Econ. J.
Volume:	128
Number:	611
Page Range:	S. 1509 - 1531
Date:	2018
Publisher:	WILEY
Place of Publication:	HOBOKEN
ISSN:	1468-0297
Language:	English
Faculty:	Unspecified
Divisions:	Unspecified
Subjects:	no entry
Uncontrolled Keywords:	Keywords Language RATIONALIZABLE STRATEGIC BEHAVIOR; PLAYERS MODELS Multiple languages Economics Multiple languages
Refereed:	Yes
URI:	http://kups.ub.uni-koeln.de/id/eprint/18473