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Strategic sophistication of individuals and teams in experimental normal-form games

Sutter, Matthias; Czermak, Simon; Feri, Francesco - 2010

only 40% for individuals. -- Strategic sophistication ; beliefs ; experiment ; team decision making ; individual decision …We present an experiment on strategic thinking and behavior of individuals and teams in one-shot normal-form games …. Besides making choices, decision makers have to state their first- and second-order beliefs. We find that teams play the Nash …

Persistent link: https://www.econbiz.de/10003938152

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

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

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

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

On the impact of quotas and decision rules in ultimatum collective bargaining

Feicht, Robert; Grimm, Veronika; Rau, Holger A.; … - 2015

vary (i) representation in the decision committee (one vs. both groups) and (ii) the decision rule (unanimity vs. majority …), proposals are balanced only if both groups have veto power (iii) negotiations often fail if the decision environment gives …

Persistent link: https://www.econbiz.de/10011387570

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

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

Back to Edgeworth? : estimating the value of time using hedonic experiences

Krekel, Christian; MacKerron, George - 2023

waiting, £8.4 ($10.5) per hour of commuting, and £17.2 ($21.5) per hour of waiting during commuting (e.g. due to congestion …

Persistent link: https://www.econbiz.de/10014311979

Collective intertemporal decisions and heterogeneity in groups

Glätzle-Rützler, Daniela; Lergetporer, Philipp; … - 2021

Many important intertemporal decisions are made by groups rather than individuals. What happens to collective decisions when there is internal conflict about the tradeoff between present and future has not been thoroughly investigated so far. We study experimentally the causal effect of group...

Persistent link: https://www.econbiz.de/10012415076