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....

This paper investigates the effect of different communication channels on promise-making and promise-keeping in a helping situation. Four treatments differ with respect to the communication channel employed to solicit unincentivized cooperation, i.e., face-to-face, phone call and two different...

In this paper, we claim that agents confronting with new interactive situations apply behavioral heuristics that drastically reduce the problem complexity either by neglecting the other players’ incentives, or by restricting attention to subsets of “salient” outcomes. We postulate that...