Elias Tsakas

Department of Economics
Maastricht University

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Rationalizability and Nash equilibria in guessing games
(with Christian Seel)
Games and Economic Behavior

Games in which players aim to guess a fraction or multiple p of the average guess are known as guessing games or (p-) beauty contests. In this note, we derive a full characterization of the set of rationalizable strategies and the set of pure strategy Nash equilibria for such games as a function of the parameter p, the number of players and the (discrete) set of available guesses to each player.