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ability to that of character skills, and find that both cognition and personality affect behavior and learning. More agreeable … of play towards Nash equilibrium in repeated strategic interactions. We study behavior in a p-beauty contest experiment … understand better how subjects with different cognitive abilities learn differently, we estimate a structural model of learning …
Persistent link: https://www.econbiz.de/10010364492
-registered experiment with 1,260 subjects. In the first wave we vary the level of awareness of subjects' past dishonesty and explore the …
Persistent link: https://www.econbiz.de/10012494900
studies managers who participate repeatedly in a high-powered tournament incentive system, learning relative performance each …
Persistent link: https://www.econbiz.de/10014311540
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
experiment that regularly produces valuation bubble and crash events. Global sessions involved real time trades between subjects …
Persistent link: https://www.econbiz.de/10011731909
difficult version. Implications are drawn on when to employ groups rather than individuals in decision making. …
Persistent link: https://www.econbiz.de/10011449224
Recent experiments show that public goods can be provided at high levels when mutual monitoring and costly punishment … are allowed. All these experiments, however, study monitoring and punishment in a setting where all agents can monitor and … fundamental, properties in graph theory allow us to interpret the variation in the patterns of behavior that arise in the …
Persistent link: https://www.econbiz.de/10009300129
We design an experiment to test the hypothesis that, in violation of Bayes Rule, some people respond more forcefully to …
Persistent link: https://www.econbiz.de/10011347344
dramatic consequences. To test whether the overconfidence bias affects the decision of backcountry skiers to go on a ski trip …
Persistent link: https://www.econbiz.de/10010513329
We use a simple, three-item test for cognitive abilities to investigate whether established behavioral biases that play a prominent role in behavioral economics and finance are related to cognitive abilities. We find that higher test scores on the Cognitive Reflection Test of Frederick (2005)...
Persistent link: https://www.econbiz.de/10003716522