Examlex

Solved

Refer to Evidence-Based Economics Element in Section 13

question 30

Essay

Refer to Evidence-Based Economics element in section 13.4 of the text.
a)Describe a variation of beauty contest game used in the experiment.
b)Explain why every player submitting 0 is the Nash equilibrium.
c)Describe the results of the experiment.


Definitions:

Self-presentation

The process through which individuals attempt to control the impressions others form of them, typically in social or public contexts.

Looking-Glass Self

A social psychological concept suggesting that a person's self grows out of society's interpersonal interactions and the perceptions of others.

Automatic Egotism

The subconscious tendency to prioritize one's own perspectives or attributes over others’ in various situations.

Self-presentation

The process of controlling how one is perceived by others by carefully managing one's behavior and appearance.

Related Questions