- Article
Choices in the 11–20 Game: The Role of Risk Aversion
- King King Li and
- Kang Rong
Arad and Rubinstein (2012, AER) proposed the 11–20 money request game as an alternative to the P beauty contest game for measuring the depth of thinking. In this paper, we show theoretically that in the Nash equilibrium of the 11–20 game...