Comments on: Winning a “Beauty Contest,” Or How My Game Theory Professor Gambled $250 Teaching a Lesson http://mindyourdecisions.com/blog/2008/03/18/game-theory-tuesdays-winning-a-%e2%80%9cbeauty-contest%e2%80%9d-or-how-my-professor-gambled-250-teaching-a-lesson/ Articles on game theory and personal finance Fri, 10 Sep 2010 13:56:44 -0400 hourly 1 http://wordpress.org/?v=3.0.1 By: scooter http://mindyourdecisions.com/blog/2008/03/18/game-theory-tuesdays-winning-a-%e2%80%9cbeauty-contest%e2%80%9d-or-how-my-professor-gambled-250-teaching-a-lesson/comment-page-1/#comment-6200 scooter Thu, 07 Jan 2010 18:34:13 +0000 http://mindyourdecisions.com/blog/2008/03/18/game-theory-tuesdays-winning-a-%e2%80%9cbeauty-contest%e2%80%9d-or-how-my-professor-gambled-250-teaching-a-lesson/#comment-6200 Perhaps the students who did not choose 0 did so just to annoy the "rational" students. I know I would have! Perhaps the students who did not choose 0 did so just to annoy the “rational” students. I know I would have!

]]> By: Game theory in Numb3rs: hide and seek - Mind Your Decisions http://mindyourdecisions.com/blog/2008/03/18/game-theory-tuesdays-winning-a-%e2%80%9cbeauty-contest%e2%80%9d-or-how-my-professor-gambled-250-teaching-a-lesson/comment-page-1/#comment-5857 Game theory in Numb3rs: hide and seek - Mind Your Decisions Wed, 02 Dec 2009 05:45:40 +0000 http://mindyourdecisions.com/blog/2008/03/18/game-theory-tuesdays-winning-a-%e2%80%9cbeauty-contest%e2%80%9d-or-how-my-professor-gambled-250-teaching-a-lesson/#comment-5857 [...] There appear to be two main refinements in behavioral game theory over classical. The first is that rationality is not infinite but bounded. This means we can only think ahead for finitely many terms, levels, or steps. This would change our predictions on situations that mimic p-beauty prizes, a topic I earlier described in the article How my game theory professor gambled $250 teaching a lesson [...] [...] There appear to be two main refinements in behavioral game theory over classical. The first is that rationality is not infinite but bounded. This means we can only think ahead for finitely many terms, levels, or steps. This would change our predictions on situations that mimic p-beauty prizes, a topic I earlier described in the article How my game theory professor gambled $250 teaching a lesson [...]

]]> By: michael webster http://mindyourdecisions.com/blog/2008/03/18/game-theory-tuesdays-winning-a-%e2%80%9cbeauty-contest%e2%80%9d-or-how-my-professor-gambled-250-teaching-a-lesson/comment-page-1/#comment-5622 michael webster Thu, 24 Sep 2009 19:53:49 +0000 http://mindyourdecisions.com/blog/2008/03/18/game-theory-tuesdays-winning-a-%e2%80%9cbeauty-contest%e2%80%9d-or-how-my-professor-gambled-250-teaching-a-lesson/#comment-5622 Al Roth has some more academic background on this game. http://marketdesigner.blogspot.com/2009/09/nagels-guessingbeauty-contest-game.html Al Roth has some more academic background on this game.
http://marketdesigner.blogspot.com/2009/09/nagels-guessingbeauty-contest-game.html

]]> By: Presh Talwalkar http://mindyourdecisions.com/blog/2008/03/18/game-theory-tuesdays-winning-a-%e2%80%9cbeauty-contest%e2%80%9d-or-how-my-professor-gambled-250-teaching-a-lesson/comment-page-1/#comment-2762 Presh Talwalkar Wed, 01 Oct 2008 08:05:02 +0000 http://mindyourdecisions.com/blog/2008/03/18/game-theory-tuesdays-winning-a-%e2%80%9cbeauty-contest%e2%80%9d-or-how-my-professor-gambled-250-teaching-a-lesson/#comment-2762 <b><em>Scott</b></em>: I was one of the people who wrote 0. At the time I was annoyed that other people didn't also cooperate. Now, I just accept it and makes sure that my analysis accounts for some random irrationality. Scott:
I was one of the people who wrote 0. At the time I was annoyed that other people didn’t also cooperate. Now, I just accept it and makes sure that my analysis accounts for some random irrationality.

]]> By: Scott http://mindyourdecisions.com/blog/2008/03/18/game-theory-tuesdays-winning-a-%e2%80%9cbeauty-contest%e2%80%9d-or-how-my-professor-gambled-250-teaching-a-lesson/comment-page-1/#comment-2756 Scott Tue, 30 Sep 2008 16:51:35 +0000 http://mindyourdecisions.com/blog/2008/03/18/game-theory-tuesdays-winning-a-%e2%80%9cbeauty-contest%e2%80%9d-or-how-my-professor-gambled-250-teaching-a-lesson/#comment-2756 I think the big question is: What answer did you submit? I think the big question is:

What answer did you submit?

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