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Cognitive ability, character skills, and learning to play equilibrium : a level-k analysis
Gill, David; Prowse, Victoria L. - 2014
of play towards Nash equilibrium in repeated strategic interactions. We study behavior in a p-beauty contest experiment … ability to that of character skills, and find that both cognition and personality affect behavior and learning. More agreeable …
Persistent link: https://www.econbiz.de/10010364492
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Gender differences in risk aversion and ambiguity aversion
Borghans, Lex; Golsteyn, Bart H.H.; Heckman, James J.; … - 2009
of cognition. Women are more risk averse than men. Over an initial range, women require no further compensation for the …
Persistent link: https://www.econbiz.de/10003808595
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Fungibility, labels, and consumption
Abeler, Johannes (contributor); Marklein, Felix (contributor) - 2008
another and that the composition of income is irrelevant for consumption. We find in a field experiment that even in a simple … change consumption according to the suggestion of the label. A controlled laboratory experiment confirms this result and … consumers ; field experiment ; laboratory experiment …
Persistent link: https://www.econbiz.de/10003716538
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Gender differences in risk aversion : do single-sex environments affect their development?
Booth, Alison L.; Sosa, Lina Cardona; Nolen, Patrick - 2011
economically important ways. To test this, we designed a controlled experiment using first year college students who made choices …
Persistent link: https://www.econbiz.de/10009521218
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Information and beliefs in a repeated normal-form game
Fehr, Dietmar (contributor); Kübler, Dorothea (contributor) - 2008
We study beliefs and choices in a repeated normal-form game. In addition to a baseline treatment with common knowledge of the game structure and feedback about choices in the previous period, we run treatments (i) without feedback about previous play, (ii) with no information about the...
Persistent link: https://www.econbiz.de/10003747648
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Cognitive abilities and the demand for bad policy
Nunnari, Salvatore; Proto, Eugenio; Rustichini, Aldo - 2024
simple theoretical framework and an experiment to show that enhanced cognitive abilities may lead to better policy choices …
Persistent link: https://www.econbiz.de/10014580740
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Do losses trigger deliberative reasoning?
Carpenter, Jeffrey P.; Munro, David - 2022
There is a large literature evaluating the dual process model of cognition, including the biases and heuristic it …, we design an experiment based on a task that has been developed to distinguish between System 1 and System 2 thinking …
Persistent link: https://www.econbiz.de/10013198848
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The effect of self-awareness and competition on dishonesty
Çıbık, Ceren Bengü; Sgroi, Daniel - 2021
-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
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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
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Beliefs, learning, and personality in the indefinitely repeated prisoner's dilemma
Gill, David; Rosokha, Yaroslav - 2022
We aim to understand the role and evolution of beliefs in the indefinitely repeated prisoner's dilemma (IRPD). To do so, we elicit beliefs about the supergame strategies chosen by others. We find that heterogeneity in beliefs and changes in beliefs with experience are central to understanding...
Persistent link: https://www.econbiz.de/10013345861