Over the last few decades behavioral economics has revolutionized the discipline. It has
done so by putting the human back into economics, by recognizing that people sometimes …

This review discusses selected work in experimental game theory. My goals are to further
the dialogue between theorists and empiricists that has driven progress in economics and …

We introduce a generalization of the Beauty Contest (BC) game as a framework that
incorporates different models from micro-and macroeconomics by formulating their reduced …

In the repeated prisoner's dilemma, predictions are notoriously difficult. Recently, however,
Blonski, Ockenfels, and Spagnolo (2011)—henceforth, BOS—showed that experimental …

It is commonly assumed that agents will adopt Nash equilibrium strategies; however,
experimental studies have demonstrated that this is often a poor description of human …

We experimentally investigate the fundamental element of the level-k model of reasoning,
the level-0 actions and beliefs. We use data from a novel experimental design that allows us …

Most applications of game theory assume equilibrium, justified by presuming that learning
will have converged to one; or in settings where that is implausible, that equilibrium …

We draw an unusually detailed picture of a discovery, the beauty contest game—with Hervé
Moulin as the center of the initial inspiration. Since its inception, the beauty contest game …

What are the mental operations involved in game theoretic decision making? How do
players deliberate (intelligently, but perhaps imperfectly) about strategic interdependencies …

Differences in cognitive sophistication and effort are at the root of behavioral heterogeneity
in economics. To explain this heterogeneity, behavioral models assume that certain choices …