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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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Cognitive imprecision and strategic behavior
Frydman, Cary; Nunnari, Salvatore - 2021
We propose and experimentally test a theory of strategic behavior in which players are cognitively imprecise and perceive a fundamental parameter with noise. We focus on 2 x 2 coordination games, which generate multiple equilibria when perception is precise. When adding a small amount of...
Persistent link: https://www.econbiz.de/10012698826
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Cognitive Imprecision and Strategic Behavior
Frydman, Cary; Nunnari, Salvatore - 2021
We propose and experimentally test a theory of strategic behavior in which players are cognitively imprecise and perceive a fundamental parameter with noise. We focus on 2 x 2 coordination games, which generate multiple equilibria when perception is precise. When adding a small amount of...
Persistent link: https://www.econbiz.de/10013314150
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Cognitive Imprecision and Strategic Behavior
Frydman, Cary; Nunnari, Salvatore - 2021
We propose and experimentally test a theory of strategic behavior in which players are cognitively imprecise and perceive a fundamental parameter with noise. We focus on 2 x 2 coordination games, which generate multiple equilibria when perception is precise. When adding a small amount of...
Persistent link: https://www.econbiz.de/10013310763
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Psychology and economics rather than psychology versus economics : cultural differences but no barriers!
Brandstätter, Hermann; Güth, Werner; Kliemt, Hartmut - 2008
boundaries between psychology and economics. Noting that behavioral economics seems still under the spell of the rational choice … economics ; economic psychology …
Persistent link: https://www.econbiz.de/10003809939
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Why and how identity should influence utility
Wichardt, Philipp C. - 2007 - This Version: January 11, 2007
This paper provides an argument for the advantage of a preference for identity-consistent behaviour from an evolutionary point of view. Within a stylised model of social interaction, we show that the development of cooperative social norms is greatly facilitated if the agents of the society...
Persistent link: https://www.econbiz.de/10010366516
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The roots of cooperation
Bašić, Zvonimir; Bindra, Parampreet Christopher; … - 2021 - This version: 10 June 2021
and indirect reciprocity as well as third-party punishment – emerges earliest as an effective means to increase … of defectors is applied. Children also engage in reciprocating others, showing that reciprocity strategies are already … prevalent at a very young age. However, direct and indirect reciprocity treatments do not increase overall cooperation rates, as …
Persistent link: https://www.econbiz.de/10012547006
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The roots of cooperation
Bašić, Zvonimir; Bindra, Parampreet Christopher; … - 2021 - This version: 10 June 2021
and indirect reciprocity as well as third-party punishment – emerges earliest as an effective means to increase … of defectors is applied. Children also engage in reciprocating others, showing that reciprocity strategies are already … prevalent at a very young age. However, direct and indirect reciprocity treatments do not increase overall cooperation rates, as …
Persistent link: https://www.econbiz.de/10012548855
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The roots of cooperation
Bašić, Zvonimir; Bindra, Parampreet Christopher; … - 2021
and indirect reciprocity as well as third-party punishment – emerges earliest as an effective means to increase … of defectors is applied. Children also engage in reciprocating others, showing that reciprocity strategies are already … prevalent at a very young age. However, direct and indirect reciprocity treatments do not increase overall cooperation rates, as …
Persistent link: https://www.econbiz.de/10012550258
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The roots of cooperation
Bašić, Zvonimir; Bindra, Parampreet Christopher; … - 2021 - This version: 10 June 2021
and indirect reciprocity as well as third-party punishment - emerges earliest as an effective means to increase … of defectors is applied. Children also engage in reciprocating others, showing that reciprocity strategies are already … prevalent at a very young age. However, direct and indirect reciprocity treatments do not increase overall cooperation rates, as …
Persistent link: https://www.econbiz.de/10012584102