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We find that differences in the ability to devote cognitive resources to a strategic interaction imply differences in strategic behavior. In our experiment, we manipulated the availability of cognitive resources by applying a differential cognitive load. In cognitive load experiments, subjects...
Persistent link: https://www.econbiz.de/10011261625
Language is an imperfect and coarse means of communicating information about a complex and nuanced world. We report on an experiment designed to capture this feature of communication. The messages available to the sender imperfectly describe the state of the world; however, the sender can improve...
Persistent link: https://www.econbiz.de/10010865817
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