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Showing 1 to 2 of 2 for “"beauty-contest game"”.
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Essays in experimental macroeconomics
… experiments. We compare two scenarios in a beauty-contest game characterized by strategic complementarity: A baseline in which the same shock hits the economy four times, and a treatment in which the shocks are heterogeneous. We find that convergence to equilibrium accelerates with each …
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Three Essays on Dynamic Games with Incomplete Information and Strategic Complementarities
… In Chapter 2, I revise a traditional global game model by dividing the continuum of players into a group of speculators and a group of stakeholders. It is found that the uniqueness property remains in the new game. Then I extend the static game to a two-stage game and investigate the …