Point Beauty Contest: Measuring the Distribution of Focal Points on the Individual Level [Dataset] (doi:10.11588/data/PA87NV)

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Point Beauty Contest: Measuring the Distribution of Focal Points on the Individual Level [Dataset]

doi:10.11588/data/PA87NV

heiDATA

2019-11-04

1

Schmidt, Robert, 2019, "Point Beauty Contest: Measuring the Distribution of Focal Points on the Individual Level [Dataset]", https://doi.org/10.11588/data/PA87NV, heiDATA, V1, UNF:6:XeJX5PG6nEvxhO8ACToIDQ== [fileUNF]

Point Beauty Contest: Measuring the Distribution of Focal Points on the Individual Level [Dataset]

doi:10.11588/data/PA87NV

Schmidt, Robert (Alfred-Weber-Institute for Economics, Heidelberg University, Germany)

heiDATA

heiDATA: Heidelberg Research Data Repository

Schmidt, Robert

https://doi.org/10.11588/data/PA87NV

Social Sciences

We propose the Point Beauty Contest, a mechanism to identify the distribution of focal points on the individual level. By contrast to conventional coordination, subjects coordinate by the distribution of points. This allows for nuanced coordination strategies, as subjects can invest in multiple alternatives at the same time and weigh their choice. A subject´s strategy choice then reveals her perception of the distribution of focal points. In an experiment on the elicitation of social norms, we compare the mechanism with conventional coordination. The data confirms the theoretical predictions regarding coordination behavior and demonstrates that the proposed technique is suited to identify the distribution of focal points on the individual level. Using Monte Carlo simulations, we find that the proposed mechanism identifies focal points on the population level more efficiently than conventional coordination. We point to the possibility of using the mechanism as a simple method to directly measure strategic uncertainty.

Keywords: coordination, focal points, games theory, strategic uncertainty, social norms

Schmidt, R. J. (2019). PointBeauty Contest: Measuring the Distribution of Focal Points on the Individual Level, University of Heidelberg: AWI Discussion Paper Series No. 667.

https://doi.org/10.11588/heidok.00027202

Schmidt, R. J. (2019). PointBeauty Contest: Measuring the Distribution of Focal Points on the Individual Level, University of Heidelberg: AWI Discussion Paper Series No. 667.

• Number of cases: 780

• No. of variables per record: 36

• Type of File: text/tab-separated-values

UNF:6:g9CKJ45lU5TKuATlWH0zbg==

• Number of cases: 1580

• No. of variables per record: 10

• Type of File: text/tab-separated-values

UNF:6:MgY4QUXmIC7HQA5S3srkEQ==

• Number of cases: 80

• No. of variables per record: 25

• Type of File: text/tab-separated-values

UNF:6:aD3SbWW/F2XqujCXp0uYuQ==

• date - Date
• subject - Subject
• individual
• profit - Profit
• c011
• c012
• c013
• c014
• one100 - One100
• noidentical - NoIdentical
• identical - 4Identical
• v12 - 3Identical
• doublezero - DoubleZero
• v14 - 2Identical
• gambling - Gambling
• ranking - Ranking
• hedging4 - Hedging4
• hedging3 - Hedging3
• hedging20 - Hedging20
• hedging2 - Hedging2
• lottery1
• lottery2
• lottery3
• lottery4
• lottery5
• lottery6
• lottery7
• lottery8
• risk
• female
• age
• sub
• economics
• variance
• std - STD
• classification
• treatment
• decision
• mbc1 - MBC1
• mbc2 - MBC2
• mbc3 - MBC3
• mbc4 - MBC4
• mbcnorm - MBCnorm
• cbc - CBC
• cbcnorm - CBCnorm
• norm
• Date - Date
• Subject - Subject
• Profit - Profit
• c01 - c01
• c02 - c02
• c03 - c03
• c04 - c04
• c05 - c05
• c06 - c06
• c07 - c07
• c08 - c08
• c09 - c09
• c10 - c10
• lottery1 - lottery1
• lottery2 - lottery2
• lottery3 - lottery3
• lottery4 - lottery4
• lottery5 - lottery5
• lottery6 - lottery6
• lottery7 - lottery7
• lottery8 - lottery8
• risk - risk
• female - female
• age - age
• sub - sub

f3130 Location:

Variable Format: character

Notes: UNF:6:yxkJSWUBPw5879loukRxqA==

f3130 Location:

Summary Statistics: Min. 1.0; Mean 10.269230769230768; Max. 20.0; StDev 5.65747390279424; Valid 780.0;

Variable Format: numeric

Notes: UNF:6:v8K7IqstuRSNzt7b6/Z1HQ==

f3130 Location:

Summary Statistics: Valid 780.0; Mean 39.5; StDev 22.52925640350772; Max. 78.0; Min. 1.0;

Variable Format: numeric

Notes: UNF:6:hOXMAXQduZZpFnhvN8uLwg==

f3130 Location:

Variable Format: character

Notes: UNF:6:XGeUVxSoBySpwUPGJ1IOZA==

f3130 Location:

Summary Statistics: StDev 28.013177687590996; Min. 0.0; Mean 27.16794871794874; Max. 100.0; Valid 780.0;

Variable Format: numeric

Notes: UNF:6:FgICjn6KBXKWS5LEjU2WYA==

f3130 Location:

Summary Statistics: Min. 0.0; Max. 100.0; Mean 33.84487179487181; Valid 780.0; StDev 23.21126473586098

Variable Format: numeric

Notes: UNF:6:/jE3hdOXzl+YYTnq8fUE6w==

f3130 Location:

Summary Statistics: Max. 100.0; Min. 0.0; Valid 780.0; StDev 21.684298654479573; Mean 24.66923076923081;

Variable Format: numeric

Notes: UNF:6:kwtD6lKTbG70cxbiyaUAYA==

f3130 Location:

Summary Statistics: StDev 21.464337342632952; Min. 0.0; Max. 100.0; Mean 14.317948717948779; Valid 780.0;

Variable Format: numeric

Notes: UNF:6:2yJA4KCRnhMSsp+VGBe9kQ==

f3130 Location:

Summary Statistics: Mean 0.09230769230769233; Min. 0.0; Valid 780.0; StDev 0.28964554087755756; Max. 1.0

Variable Format: numeric

Notes: UNF:6:C7N5VvQzcVJGI8XLCc3oJw==

f3130 Location:

Summary Statistics: StDev 0.46597822891057344; Min. 0.0; Max. 1.0; Valid 780.0; Mean 0.31794871794871804

Variable Format: numeric

Notes: UNF:6:BUhuvchrZ0P6pTCTp+G+GA==

f3130 Location:

Summary Statistics: Max. 1.0; Mean 0.0012820512820512857; Min. 0.0; Valid 780.0; StDev 0.03580574370197173

Variable Format: numeric

Notes: UNF:6:H2xLPrnplQvV/DE7PDKsHA==

f3130 Location:

Summary Statistics: Min. 0.0; Max. 1.0; Valid 780.0; StDev 0.33310037611919796; Mean 0.12692307692307686

Variable Format: numeric

Notes: UNF:6:rzike8rJrygUG8zwAoJVOA==

f3130 Location:

Summary Statistics: StDev 0.458551607106523; Valid 780.0; Min. 0.0; Max. 1.0; Mean 0.2999999999999996

Variable Format: numeric

Notes: UNF:6:KFrVAYectv1D7hqO6CPhsA==

f3130 Location:

Summary Statistics: StDev 0.46597822891057344; Mean 0.682051282051282; Min. 0.0; Max. 1.0; Valid 780.0

Variable Format: numeric

Notes: UNF:6:oVAzQLGUxj5V4gQlFJVvGQ==

f3130 Location:

Summary Statistics: Max. 1.0; Min. 0.0; StDev 0.28964554087755756; Valid 780.0; Mean 0.09230769230769233

Variable Format: numeric

Notes: UNF:6:C7N5VvQzcVJGI8XLCc3oJw==

f3130 Location:

Summary Statistics: Valid 780.0; Mean 0.31794871794871804; Min. 0.0; Max. 1.0; StDev 0.46597822891057344

Variable Format: numeric

Notes: UNF:6:BUhuvchrZ0P6pTCTp+G+GA==

f3130 Location:

Summary Statistics: Valid 780.0; Mean 0.0012820512820512857; StDev 0.03580574370197173; Max. 1.0; Min. 0.0;

Variable Format: numeric

Notes: UNF:6:H2xLPrnplQvV/DE7PDKsHA==

f3130 Location:

Summary Statistics: Mean 0.03333333333333336; Min. 0.0; Valid 780.0; StDev 0.1796206719555209; Max. 1.0;

Variable Format: numeric

Notes: UNF:6:Gyp6uadjMi3JdTjVyVH31A==

f3130 Location:

Summary Statistics: Mean 0.2076923076923079; Max. 1.0; Valid 780.0; StDev 0.40591557415618895; Min. 0.0

Variable Format: numeric

Notes: UNF:6:4jNstcpuFiw++SCJMMiF2A==

f3130 Location:

Summary Statistics: Valid 780.0; StDev 0.4764611629377871; Mean 0.34743589743589764; Max. 1.0; Min. 0.0

Variable Format: numeric

Notes: UNF:6:geWd1IuBwRfBxzhtLmjhmw==

f3130 Location:

Summary Statistics: Max. 1.0; Valid 780.0; StDev 0.38400596859629804; Min. 0.0; Mean 0.17948717948717946

Variable Format: numeric

Notes: UNF:6:bMI4bUvphlCvbLGDwbudBA==

f3130 Location:

Summary Statistics: Max. 2.0; Min. 0.0; Mean 0.15384615384615383; StDev 0.5332806662386191; Valid 780.0

Variable Format: numeric

Notes: UNF:6:/9wmWA2rv4zhiutq4Tw18Q==

f3130 Location:

Summary Statistics: Max. 3.0; Mean 0.5769230769230771; Min. 0.0; StDev 1.1830991130945636; Valid 780.0

Variable Format: numeric

Notes: UNF:6:FLfeJd9A+NXshVzszd6Mrw==

f3130 Location:

Summary Statistics: Max. 4.0; Min. 0.0; StDev 0.980370858490337; Mean 0.2564102564102564; Valid 780.0

Variable Format: numeric

Notes: UNF:6:ZVvKxJ0xPD7RFrhkR6J+YA==

f3130 Location:

Summary Statistics: Max. 5.0; Mean 0.769230769230769; Valid 780.0; Min. 0.0; StDev 1.8051635887384923;

Variable Format: numeric

Notes: UNF:6:sQU6pn5FRGuK9G7Zi8120Q==

f3130 Location:

Summary Statistics: Valid 780.0; Max. 6.0; Mean 0.07692307692307694; StDev 0.6754303676138725; Min. 0.0

Variable Format: numeric

Notes: UNF:6:uCN3G1scqnRs26ifvmmz1w==

f3130 Location:

Summary Statistics: StDev 2.9511676905306747; Max. 7.0; Mean 1.6153846153846156; Valid 780.0; Min. 0.0;

Variable Format: numeric

Notes: UNF:6:8e4mhv35snWtsS+ddpXBWg==

f3130 Location:

Summary Statistics: Mean 0.717948717948718; StDev 2.2879796172767892; Max. 8.0; Valid 780.0; Min. 0.0;

Variable Format: numeric

Notes: UNF:6:Yziej4VKdHh2VsugHpU3Aw==

f3130 Location:

Summary Statistics: Max. 8.0; StDev 2.391828853645849; Mean 4.346153846153846; Valid 780.0; Min. 1.0;

Variable Format: numeric

Notes: UNF:6:sAVx6Qu1J88dV+lXh5JcyQ==

f3130 Location:

Summary Statistics: StDev 0.4961920098591873; Mean 0.5641025641025641; Valid 780.0; Min. 0.0; Max. 1.0

Variable Format: numeric

Notes: UNF:6:ftgmaxYKhz/mA6tnJZk5HQ==

f3130 Location:

Summary Statistics: StDev 5.627840742440253; Min. 19.0; Mean 23.78205128205128; Valid 780.0; Max. 65.0;

Variable Format: numeric

Notes: UNF:6:xzpPVEaNmQcs4fBO4OHWCw==

f3130 Location:

Summary Statistics: Valid 780.0; Mean 4.371794871794871; Min. 1.0; StDev 2.114252474645864; Max. 6.0

Variable Format: numeric

Notes: UNF:6:Vqv5gTR9R1mwsoVzvC9Pgg==

f3130 Location:

Summary Statistics: Mean 0.23076923076923073; Valid 780.0; Min. 0.0; StDev 0.4215953843615227; Max. 1.0;

Variable Format: numeric

Notes: UNF:6:6Oj7kNx31ZVILSqJxDGELQ==

f3130 Location:

Summary Statistics: Min. 0.0; Valid 780.0; Max. 2500.0; Mean 816.228293108329; StDev 684.6360487432123

Variable Format: numeric

Notes: UNF:6:0fgvZ8yFRhNoebRA+UcsbA==

f3130 Location:

Summary Statistics: Valid 780.0; StDev 11.613276027045305; Mean 26.10655116179051; Min. 0.0; Max. 50.0;

Variable Format: numeric

Notes: UNF:6:K7vFGwuliNF/Uy1OL0QscA==

f3130 Location:

Summary Statistics: Max. 20.0; StDev 7.5754128572552775; Min. 0.0; Valid 780.0; Mean 5.271794871794868

Variable Format: numeric

Notes: UNF:6:xDl9S7DX0obylcUCa0TCdQ==

f3132 Location:

Summary Statistics: Min. 1.0; Mean 1.5063291139240507; StDev 0.5001182310250742; Max. 2.0; Valid 1580.0

Variable Format: numeric

Notes: UNF:6:w5JbZ5kwBj5KEokWgr+GDA==

f3132 Location:

Summary Statistics: StDev 2.8731907047460563; Valid 1580.0; Min. 1.0; Mean 5.5; Max. 10.0

Variable Format: numeric

Notes: UNF:6:pZHaC2YY5C48NPzAluRYLA==

f3132 Location:

Summary Statistics: Max. 100.0; Mean 27.16794871794874; StDev 28.013177687590996; Valid 780.0; Min. 0.0

Variable Format: numeric

Notes: UNF:6:SuOvx0BVtTKrKNRsdLTRcw==

f3132 Location:

Summary Statistics: StDev 23.21126473586098; Mean 33.84487179487181; Min. 0.0; Max. 100.0; Valid 780.0;

Variable Format: numeric

Notes: UNF:6:rqRFZ9CPBlEioA+/1Oyiag==

f3132 Location:

Summary Statistics: Mean 24.66923076923081; Max. 100.0; Valid 780.0; Min. 0.0; StDev 21.684298654479573;

Variable Format: numeric

Notes: UNF:6:jLSnmx2GfSZCOgnVU6dOcA==

f3132 Location:

Summary Statistics: StDev 21.464337342632952; Max. 100.0; Valid 780.0; Mean 14.317948717948779; Min. 0.0;

Variable Format: numeric

Notes: UNF:6:l0sc/6KatqXccdBx7UDIbw==

f3132 Location:

Summary Statistics: Valid 780.0; Max. 1.0; Mean 0.15912820603698696; StDev 0.4668258002084524; Min. -1.0

Variable Format: numeric

Notes: UNF:6:V4zW9lv1SjoyDA4LPATACQ==

f3132 Location:

Summary Statistics: Min. 1.0; StDev 0.923581176853339; Valid 800.0; Mean 2.1637500000000056; Max. 4.0

Variable Format: numeric

Notes: UNF:6:PXwAteaFHLfalvt+rYWqGQ==

f3132 Location:

Summary Statistics: Max. 1.0; Mean 0.22362500213087022; Min. -1.0; StDev 0.614762173238239; Valid 800.0;

Variable Format: numeric

Notes: UNF:6:TfhGU3Neq2t5tb1pCm5fJg==

f3132 Location:

Summary Statistics: Mean 0.19178481165413588; Max. 1.0; Valid 1580.0; StDev 0.5475349634811131; Min. -1.0

Variable Format: numeric

Notes: UNF:6:zAFRwxP0Xl8XDNy8dMVydA==

f3134 Location:

Variable Format: character

Notes: UNF:6:xwt85E6uS1A3lUHxi1UiGQ==

f3134 Location:

Summary Statistics: StDev 5.802661981879469; Valid 80.0; Mean 10.5; Min. 1.0; Max. 20.0;

Variable Format: numeric

Notes: UNF:6:gm8A0V1EPKoYCeWE/s5ESA==

f3134 Location:

Summary Statistics: Max. 43228.0; StDev 15528.985745930418; Mean 6492.137499999993; Valid 80.0; Min. 5.0;

Variable Format: numeric

Notes: UNF:6:SNAV1RI6xRzo6BEgxDdYQw==

f3134 Location:

Summary Statistics: StDev 0.6549470942011512; Max. 4.0; Valid 80.0; Mean 3.4625; Min. 1.0;

Variable Format: numeric

Notes: UNF:6:JXFPP/jBC6SKHVoB4ahNxQ==

f3134 Location:

Summary Statistics: StDev 0.5624032968915014; Max. 4.0; Mean 1.9875; Min. 1.0; Valid 80.0;

Variable Format: numeric

Notes: UNF:6:HNd6VAJWwCYaVcfce2u7xg==

f3134 Location:

Summary Statistics: Max. 4.0; Mean 2.4875; Min. 1.0; Valid 80.0; StDev 0.7461928688136562

Variable Format: numeric

Notes: UNF:6:hOcoTlYgXDRyGD89oflhAw==

f3134 Location:

Summary Statistics: Valid 80.0; Mean 2.55; Max. 4.0; StDev 0.8844650818504135; Min. 1.0

Variable Format: numeric

Notes: UNF:6:uSL0m5cZFBsVyqG1I7PZwg==

f3134 Location:

Summary Statistics: StDev 0.7687528944064067; Valid 80.0; Mean 2.0625; Min. 1.0; Max. 4.0

Variable Format: numeric

Notes: UNF:6:kA8exhB9vlrQm568aN6Bqg==

f3134 Location:

Summary Statistics: Mean 2.725; Valid 80.0; Max. 4.0; StDev 0.7790776760480662; Min. 1.0

Variable Format: numeric

Notes: UNF:6:7pBy82pIu04FJrV+9uqgZw==

f3134 Location:

Summary Statistics: Max. 4.0; Mean 1.3125; Min. 1.0; StDev 0.6078338797043611; Valid 80.0

Variable Format: numeric

Notes: UNF:6:FM/7pbwMoXt0vSh5f3GCkA==

f3134 Location:

Summary Statistics: StDev 0.5757493740961876; Max. 4.0; Valid 80.0; Mean 1.8125; Min. 1.0

Variable Format: numeric

Notes: UNF:6:VCU0hOB5fWv43NpYF6Ji5w==

f3134 Location:

Summary Statistics: Valid 80.0; Max. 4.0; Mean 1.7250000000000003; Min. 1.0; StDev 0.7287061535542622

Variable Format: numeric

Notes: UNF:6:I3XF/QAcLtM33Zku0YB+ow==

f3134 Location:

Summary Statistics: Mean 1.5125; Max. 3.0; Min. 1.0; Valid 80.0; StDev 0.5510346999112933

Variable Format: numeric

Notes: UNF:6:+aJIM7wY2udaHgYd2OnDdA==

f3134 Location:

Summary Statistics: Max. 1.0; Mean 0.16249999999999998; StDev 0.37123638789348606; Valid 80.0; Min. 0.0;

Variable Format: numeric

Notes: UNF:6:MdO5E9lbQ6KtrmQof4lPIg==

f3134 Location:

Summary Statistics: Max. 2.0; Min. 0.0; Valid 80.0; StDev 0.5686982693124604; Mean 0.175

Variable Format: numeric

Notes: UNF:6:cTDHbK5P3A5WqCSNwMG7wQ==

f3134 Location:

Summary Statistics: StDev 1.2349729664442468; Valid 80.0; Max. 3.0; Mean 0.6375000000000002; Min. 0.0

Variable Format: numeric

Notes: UNF:6:nQt6HQh0m0qjbJihtEtsIQ==

f3134 Location:

Summary Statistics: Max. 4.0; Mean 0.3999999999999999; Min. 0.0; Valid 80.0; StDev 1.2075710530239057

Variable Format: numeric

Notes: UNF:6:obCECEbVIPoXW1zoTLHc5g==

f3134 Location:

Summary Statistics: Min. 0.0; Mean 0.5; StDev 1.5094638162798828; Max. 5.0; Valid 80.0

Variable Format: numeric

Notes: UNF:6:A5vasO1rFyNLjJRiTtQAeg==

f3134 Location:

Summary Statistics: StDev 1.1470931892440668; Min. 0.0; Max. 6.0; Valid 80.0; Mean 0.22499999999999998

Variable Format: numeric

Notes: UNF:6:gPr9WTYWykx9zYuYj49AuA==

f3134 Location:

Summary Statistics: Mean 1.575; Max. 7.0; StDev 2.9415185951425857; Min. 0.0; Valid 80.0;

Variable Format: numeric

Notes: UNF:6:gH7b6P7nhFk/Dz1oBgr/GA==

f3134 Location:

Summary Statistics: Mean 0.6000000000000001; Valid 80.0; Max. 8.0; StDev 2.1204250827712774; Min. 0.0

Variable Format: numeric

Notes: UNF:6:wIvKFgxLBVEvSPriLscW3g==

f3134 Location:

Summary Statistics: Max. 8.0; StDev 2.343723101111466; Mean 4.275; Valid 80.0; Min. 1.0

Variable Format: numeric

Notes: UNF:6:+9LT8ybdUCaBIoN1xf8IWA==

f3134 Location:

Summary Statistics: Min. 0.0; Max. 1.0; StDev 0.47132992556613373; Valid 80.0; Mean 0.6750000000000002

Variable Format: numeric

Notes: UNF:6:FU//DRErPhEZjr2JEk6/Sw==

f3134 Location:

Summary Statistics: Min. 18.0; Mean 22.75; StDev 3.8697136256193168; Max. 48.0; Valid 80.0;

Variable Format: numeric

Notes: UNF:6:h1Np7jipuZcUVEHQ7ugJmQ==

f3134 Location:

Summary Statistics: Min. 1.0; Valid 80.0; Mean 4.637500000000001; Max. 6.0; StDev 1.9043172137626945

Variable Format: numeric

Notes: UNF:6:/l6RNslfhv0+u7tQW4Sw/A==

Label:

CBC - English.pdf

application/pdf

Label:

CBC - German.pdf

application/pdf

Label:

Data for analysis of risk preferences - txt Format.txt

text/plain

Label:

Data for analysis of treatment differences - txt Format.txt

text/plain

Label:

PBC - English.pdf

application/pdf

Label:

PBC - German.pdf

application/pdf

Label:

Raw Data CBC Sessions.zip

application/zip

Label:

Raw Data PBC Sessions.zip

application/zip

Label:

Raw Data Treatment PBC complete.xlsx

application/vnd.openxmlformats-officedocument.spreadsheetml.sheet

Label:

Stata Do-file for analysis of risk preferences.do

application/x-stata-syntax

Label:

Stata Do-file for analysis of treatment differences.do

application/x-stata-syntax