… We study the predictive power of level-k models in a generalized beauty contest. … A natural
question then arises: how will level-k models perform beyond the classical beauty contest …

… power of level-k models changes as we perturb the classical beauty contest setting along …
that the predictive power of level-k models varies considerably along these two dimensions. …

… We introduce a generalization of the Beauty Contest (BC) … models through a generalization
of the Beauty Contest game; … level-k or similar models within a systematic series of Beauty …

… We study how the predictive power of level'k models changes as we perturb the classical
beauty contest setting along two dimensions: the strength of the coordination motive and the …

… We discuss the related issues related to MS beauty contest structure with level-k reasoning.
We firstly … Then, we consider the level-k reasoning structure in the evidence on generalized …

… The level-k model has a variety of plausible and attractive … level-k interpretation of strategic
choice in p-beauty contests, … for moderate λ, but a general result confirming this assertion is …

… player would assume that the rest of the players are level k-1. This … Level-k reasoning allows
checking how many steps of … beauty contest is not the only game to test level-k reasoning, …

… beauty contest experiments and is of particular importance because it is designed to study
level-𝑘 reasoning, … Guess the number game people, in general, do not play Nash equilibrium. …

… theory of strategic choice not only in p-beauty contests, but in novel situations in general. …
“p-beauty contest” guessing games by contrasting the level-k model of iterated reasoning with …

… are significant in p-beauty contest games, but only adaptive … Our model is general and
applies to all games where rule … an intuitive, iterative reasoning process. Each iteration in the …