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Cognitive ability, character skills, and learning to play equilibrium : a level-k analysis

Gill, David; Prowse, Victoria L. - 2014

In this paper we investigate how cognitive ability and character skills influence behavior, success and the evolution of play towards Nash equilibrium in repeated strategic interactions. We study behavior in a p-beauty contest experiment and find striking differences according to cognitive...

Persistent link: https://www.econbiz.de/10010364492

Incentive complexity, bounded rationality and effort provision

Abeler, Johannes; Huffman, David; Raymond, Collin - 2023

Using field and laboratory experiments, we demonstrate that the complexity of incentive schemes and worker bounded rationality can affect effort provision, by shrouding attributes of the incentives. In our setting, complexity leads workers to over-provide effort relative to a fully rational...

Persistent link: https://www.econbiz.de/10014311541

Two-stage boundedly rational choice procedures : theory and experimental evidence

Manzini, Paola (contributor); Mariotti, Marco (contributor) - 2006

We study and test a class of boundedly rational models of decision making which rely on sequential eliminative heuristics. We formalize two sequential decision procedures, both inspired by plausible models popular among several psychologists and marketing scientists. However we follow a standard...

Persistent link: https://www.econbiz.de/10003474120

The role of bounded rationality and imperfect information in subgame perfect implementation : an empirical investigation

Aghion, Philippe; Fehr, Ernst; Holden, Richard T.; … - 2015

mechanism should - in theory - provide incentives for truth-telling, many buyers in fact believe that they can increase their …

Persistent link: https://www.econbiz.de/10010510004

Cognitive skills, strategic sophistication, and life outcomes

Fe, Eduardo; Gill, David; Prowse, Victoria - 2020

emphasize the importance of childhood theory-of-mind as a cognitive skill. We collected experimental data from more than seven … hundred children in a variety of strategic interactions. First, we find that theory-of-mind ability and cognitive ability both … provides support for the emergence of a sophisticated strategic theory-of-mind. Third, theory-of-mind and age strongly predict …

Persistent link: https://www.econbiz.de/10012322040

Facilitating healthy dietary habits : an experiment with a low income population

Belot, Michèle; James, Jonathan G.; Spiteri, Jonathan - 2019

We investigate whether short-term everyday stressors leads to unhealthier dietary choices among low socioeconomic status mothers. We propose a novel stress protocol that aims to mimic everyday stressors experienced by this population, involving time and financial pressure. We evaluate the impact...

Persistent link: https://www.econbiz.de/10012121803

Cognitive skills and the development of strategic sophistication

Fe, Eduardo; Gill, David - 2018

The wage effect of job-education vertical mismatch (i.e. overeducation) has only recently been investigated in the case of Ph.D. holders. The existing contributions rely on OLS estimates that allow measuring the average effect of being mismatched at the mean of the conditional wages...

Persistent link: https://www.econbiz.de/10011798125

First degree stochastic dominance violations : decision weights and bounded rationality

Levy, Haim - In: The economic journal : the journal of the Royal … 118 (2008), pp. 759-774

Persistent link: https://www.econbiz.de/10003691307

Biased probability judgment : evidence of incidence and relationship to economic outcomes from a representative sample

Dohmen, Thomas; Falk, Armin; Huffman, David; Marklein, Felix - 2009

Many economic decisions involve a substantial amount of uncertainty, and therefore crucially depend on how individuals process probabilistic information. In this paper, we investigate the capability for probability judgment in a representative sample of the German population. Our results show...

Persistent link: https://www.econbiz.de/10003845575

It is not just confusion! : strategic uncertainty in an experimental asset market

Akiyama, Eizo; Hanaki, Nobuyuki; Ishikawa, Ryuichiro - In: The economic journal : the journal of the Royal … 127 (2017) 605, pp. 563-580

Persistent link: https://www.econbiz.de/10011758691

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