Replication data for: The 11-20 Money Request Game: A Level-k Reasoning Study
Principal Investigator(s): View help for Principal Investigator(s) Ayala Arad; Ariel Rubinstein
Version: View help for Version V1
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LICENSE.txt | text/plain | 14.6 KB | 10/11/2019 02:08:PM |
Project Citation:
Arad, Ayala, and Rubinstein, Ariel. Replication data for: The 11-20 Money Request Game: A Level-k Reasoning Study. Nashville, TN: American Economic Association [publisher], 2012. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112576V1
Project Description
Summary:
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We study experimentally a new two-player game: each player requests an amount between 11 and 20 shekels. He receives the requested amount and if he requests exactly one shekel less than the
other player, he receives an additional 20 shekels. Level-k reasoning is appealing due to the natural starting point (requesting 20) and the straightforward best-response operation. Nevertheless, almost all subjects exhibit at most three levels of reasoning. Two variants of the
game demonstrate that the depth of reasoning is not increased by enhancing the attractiveness of the level-0 strategy or by reducing the cost of undercutting the other player.
Scope of Project
JEL Classification:
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C73 Stochastic and Dynamic Games; Evolutionary Games; Repeated Games
C73 Stochastic and Dynamic Games; Evolutionary Games; Repeated Games
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