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Raisonnement divinatoire à feedback négatif. Une investigation expérimentale

Author

Listed:
  • Angela Sutan
  • Marc Willinger

Abstract

In this article we examine the setting up of an eductive type of reasoning process in a negative feedback situation. We analyse a variant of a one-shot beauty contest game. Our results show a reasoning level of around 2 steps of introspection, which is enough to reach rapidly the rational expectations equilibrium. Classification JEL : C72, C91

Suggested Citation

  • Angela Sutan & Marc Willinger, 2006. "Raisonnement divinatoire à feedback négatif. Une investigation expérimentale," Revue économique, Presses de Sciences-Po, vol. 57(2), pages 281-295.
    • Handle: RePEc:cai:recosp:reco_572_0281
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    Cited by:

    1. Sutan, Angela & Willinger, Marc, 2009. "Guessing with negative feedback: An experiment," Journal of Economic Dynamics and Control, Elsevier, vol. 33(5), pages 1123-1133, May.
    2. Mau, Vladimir (Мау, Владимир), 2015. "Economic Crises in Post-Communist Russia [Экономические Кризисы В Новейшей Истории России]," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 2, pages 7-19.

    More about this item

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior

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