Recent research has shed light on the effect of cognitive ability on economic decision-making. By measuring cognitive ability using Raven's progressive matrix test, we investigate this effect on human behavior in two types of experimental ultimatum games. We obtain two significant results....

Can differences in cognitive reflection explain other-regarding behavior? To test this, I use the three-item Cognitive Reflection Task to classify individuals as intuitive or reflective and correlate this measure with choices in three games that each subject participates in. The main sample...