Construct · 1 fields · 1 citations

beauty contest game: a standalone construct

One name. One construct. A landmark on the map.

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Game theory

a game where players guess a fraction of the average guess, used to measure how many steps of reasoning people apply.

In game theory, beauty contest game refers to a game where players guess a fraction of the average guess, used to measure how many steps of reasoning people apply. This meaning comes from Bosch-Domènech (2002) in American Economic Review.[1]

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Nearby constructs

beauty3 fields · 8 citationsjingle · one word, three constructs game2 fields · 3 citationsjingle · one word, two constructs measure2 fields · 4 citationsjingle · one word, two constructs

References

Bosch-Domènech, A., Montalvo, J. G., Nagel, R., & Satorra, A. (2002). One, Two, (Three), Infinity, … : Newspaper and Lab Beauty-Contest Experiments. American Economic Review, 92(5), 1687-1701. https://doi.org/10.1257/000282802762024737

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