Measuring Beliefs in an Experimental Lost Wallet Game

Martin Dufwenberg, Uri Gneezy

Research output: Contribution to journalArticle

220 Scopus citations

Abstract

We measure beliefs in an experimental game. Player 1 may take x<20 Dutch guilders, or leave it and let player 2 split 20 guilders between the players. We find that the higher is x (our treatment variable), the more likely is player 1 to take the x. Out of those who leave the x, many expect to get back less than x. There is no positive correlation between x and the amount y that 2 allocates to 1. However, there is positive correlation between y and 2's expectation of 1's expectation of y. Journal of Economic Literature Classification Numbers: C72, C92.

Original languageEnglish (US)
Pages (from-to)163-182
Number of pages20
JournalGames and Economic Behavior
Volume30
Issue number2
DOIs
StatePublished - Feb 1 2000
Externally publishedYes

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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