The predominant role of signal precision in experimental beauty contest

Camille Cornand and Romain Baeriswyl
Additional contact information
Romain Baeriswyl: Swiss National Bank - Swiss National Bank

Working Papers from HAL

Abstract: The weight assigned to public information in Keynesian beauty contest depends on the signal precision and on the degree of strategic complementarities. This experimental study shows that the response of subjects to changes in the signal precision and in the degree of strategic complementarities is qualitatively consistent with theoretical predictions, though quantitatively weaker. The weaker subjects' response to changes in the signal precision, however, mainly drives the weight observed in the experiment, making strategic complementarities and overreaction an issue of second order.

Keywords: heterogeneous information; beauty contest; experiment; public information (search for similar items in EconPapers)
Date: 2014
New Economics Papers: this item is included in nep-exp and nep-ger
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-01098772v1
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://shs.hal.science/halshs-01098772v1/document (application/pdf)

Related works:
Journal Article: The Predominant Role of Signal Precision in Experimental Beauty Contests (2016)
Working Paper: The predominant role of signal precision in experimental beauty contest (2016)
Working Paper: The predominant role of signals’ precision in experimental beauty contest (2016)
Working Paper: The predominant role of signals’ precision in experimental beauty contest (2016)
Working Paper: The predominant role of signal precision in experimental beauty contests (2014)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:halshs-01098772

Access Statistics for this paper

More papers in Working Papers from HAL
Bibliographic data for series maintained by CCSD ().