Showing 1 - 10 of 61
We find that differences in the ability to devote cognitive resources to a strategic interaction imply differences in strategic behavior. In our experiment, we manipulate the availability of cognitive resources by applying a differential cognitive load. In cognitive load experiments, subjects...
Persistent link: https://www.econbiz.de/10013068042
Standard choice experiments are hampered by the fact that utility is either unknown or imperfectly measured by experimenters. As a consequence, the inferences available to researchers are limited. By contrast, we design a choice experiment where the objects are valued according to only a single...
Persistent link: https://www.econbiz.de/10012838057
Kording and Wolpert (2004), hereafter referred to as KW, describe an experiment where subjects engaged in a repeated task entailing movements of their finger. Subjects strove for accuracy in the stochastic environment and, on some trials, received mid-trial and post-trial feedback. KW claims...
Persistent link: https://www.econbiz.de/10013235739
It is well-known that laboratory subjects often do not play mixed strategy equilibria games according to the theoretical predictions. However, little is known about the role of cognition in these strategic settings. We conduct an experiment where subjects play a repeated hide and seek game...
Persistent link: https://www.econbiz.de/10013245483
It is well-known that subjects can exhibit a preference for increasing payments. Smith (2009a) makes a related prediction that the difference between the preference increasing wage payments and the preference for increasing non-wage payments will be largest for intermediate payments. We find...
Persistent link: https://www.econbiz.de/10011275126
We find that differences in the ability to devote cognitive resources to a strategic interaction imply differences in strategic behavior. In our experiment, we manipulate the availability of cognitive resources by applying a differential cognitive load. In cognitive load experiments, subjects...
Persistent link: https://www.econbiz.de/10009397163
Prior studies have found that subjects prefer an improving sequence of income over a constant sequence, even if the constant sequence offers a larger present-discounted value. However, little is known about how these preferences vary with the size of the wage payments. In each of four studies,...
Persistent link: https://www.econbiz.de/10010604787
Language is an imperfect and coarse means of communicating information about a complex and nuanced world. We report on an experiment designed to capture this feature of communication. The messages available to the sender imperfectly describe the state of the world, however the sender can improve...
Persistent link: https://www.econbiz.de/10014192950
We study the relationship between the cognitive load manipulation and strategic sophistication. The cognitive load manipulation is designed to reduce the subject's cognitive resources that are available for deliberation on a choice. In our experiment, subjects are placed under a large cognitive...
Persistent link: https://www.econbiz.de/10014156041
The datasets from Duffy, Huttenlocher, Hedges, and Crawford (2010) [Psychonomic Bulletin & Review, 17(2), 224-230] were reanalyzed by Duffy and Smith (2018) [Psychonomic Bulletin & Review, 25(5), 1740-1750]. Duffy and Smith (2018) conclude that the datasets are not consistent with the category...
Persistent link: https://www.econbiz.de/10014105368