Unraveling in Guessing Games

Nagel, R. (1995). Unraveling in Guessing Games: An Experimental Study. American Economic Review, 85(5), 1313-1326.

Type

Journal article

Intellectual base

Primary research

Year

1995

Volume

85

Issue

5

Pages

1313-1326

Link

https://www.jstor.org/stable/2950991

Cited from

economics_finance

Cited by

3 citations across 3 artifacts.

Each citation links to the sentence it supports in the citing article.

Primes

• Keynesian Beauty Contest
  • Each of \(N\) players picks a number in \([0, 100]\); the winner is whoever is closest to two-thirds of the group's mean guess.

Domain-specific

• Beauty Contest Game
  • The beauty contest game — Keynes's 1936 metaphor, operationalized experimentally by Nagel (1995)

    SupportedVerified against the source

    Read by an automated reader; not a human review. How support was checked

• Guess 2/3 of the Average
  • Rosemarie Nagel's experiment (1995) is the defining laboratory demonstration.

    This sourceThe defining laboratory guessing-game experiment the sentence names. Reports the spikes at roughly 33 and 22, the mean well above zero, and the handful of equilibrium choices.

Verification

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