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How cognitive skills affect strategic behavior : cognitive ability, fluid intelligence and judgment
Gill, David; Knepper, Zachary; Prowse, Victoria; Zhou, Junya - 2024
We explore the influence of cognitive ability and judgment on strategic behavior in the beauty contest game (where the Nash equilibrium action is zero). Using the level-k model of bounded rationality, cognitive ability and judgment both predict higher level strategic thinking. However,...
Persistent link: https://www.econbiz.de/10014584425
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Strategic complexity and the value of thinking
Gill, David; Prowse, Victoria - 2022
Response times are a simple low-cost indicator of the process of reasoning in strategic games. In this paper, we leverage the dynamic nature of response-time data from repeated strategic interactions to measure the strategic complexity of a situation by how long people think on average when they...
Persistent link: https://www.econbiz.de/10013191643
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Using response times to measure strategic complexity and the value of thinking in games
Gill, David; Prowse, Victoria L. - 2017
Response times are a simple low-cost indicator of the process of reasoning in strategic games (Rubinstein, 2007; Rubinstein, 2016). We leverage the dynamic nature of response-time data from repeated strategic interactions to measure the strategic complexity of a situation by how long people think on...
Persistent link: https://www.econbiz.de/10011607565
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Strategic sophistication of individuals and teams in experimental normal-form games
Sutter, Matthias; Czermak, Simon; Feri, Francesco - 2010
We present an experiment on strategic thinking and behavior of individuals and teams in one-shot normal-form games … only 40% for individuals. -- Strategic sophistication ; beliefs ; experiment ; team decision making ; individual decision …
Persistent link: https://www.econbiz.de/10003938152
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Strategic sophistication of adolescents : evidence from experimental normal-form games
Czermak, Simon; Feri, Francesco; Glätzle-Rützler, Daniela - 2010
math grades are more strategic. -- Strategic thinking ; beliefs ; experiment ; age ; adolescents …
Persistent link: https://www.econbiz.de/10003987136
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Incentives for cooperation in teams: sociality meets decision rights
Butz, Britta; Guillén, Pablo; Harbring, Christine - 2021
We investigate the effect of a donation incentive tied to contributions to a public good when group members can decide on the size of the donation to be made. An up to 20 % donation of the public good was implemented either exogenously or endogenously by group members. In the Vote treatment,...
Persistent link: https://www.econbiz.de/10012494092
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Conducting interactive experiments online
Arechar, Antonio A.; Gächter, Simon; Molleman, Lucas - 2017
Online labor markets provide new opportunities for behavioral research, but conducting economic experiments online … methodological discussion of the similarities and differences between interactive experiments conducted in the laboratory and online …. To this end, we conduct a repeated public goods experiment with and without punishment using samples from the laboratory …
Persistent link: https://www.econbiz.de/10011607542
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Incorporating conditional morality into economic decisions
Masclet, David; Dickinson, David L. - 2019
We present a framework that incorporates both moral motivations and fairness considerations into utility. The main idea … is that individuals face a preference trade-off between their material individual interest and their desire to follow …
Persistent link: https://www.econbiz.de/10012138532
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Pour some sugar in me : does glucose enrichment improve decision making?
McElroy, Todd; Dickinson, David L.; Stroh, Nathan - 2014
In the current study we explore whether enriching the brain's supply of glucose will improve the quality and speed of decision making. Prior research shows that glucose enrichment supports cognition and more recent research has shown it can improve decision making on some tasks. To test our...
Persistent link: https://www.econbiz.de/10010457825
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Testing the advantages of conscious vs. unconscious thought for complex decisions in a distraction free paradigm
McElroy, Todd; Dickinson, David L. - 2016
In this study we test predictions from Unconscious Thought Theory (UTT) that unconscious thought will lead to better decision making in complex decision tasks relative to conscious thought. Different from prior work testing this prediction, we use a method of manipulating conscious and...
Persistent link: https://www.econbiz.de/10011580853