Noisy Introspection in the 11–20 Game

Publication Type:
Journal Article
Citation:
Economic Journal, 2018, 128 (611), pp. 1509 - 1530
Issue Date:
2018-06-01
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© 2017 Royal Economic Society 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.
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